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NPLs
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Economy
BoG notes economic progress, urges safeguarding of fiscal credibility In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system.
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EconomyBanking
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV A major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had entered into a strategic agreement with Intrum for the management of NPLs worth a total of 27 billion euro via a special purpose vehicle.
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EconomyBanking
Piraeus Bank posts net profit of 14 mln in Q1 from continued operations Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank.
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EconomyBanking
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.
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EconomyBanking
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated Alpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018.
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EconomyBanking
NBG reports net profits of 131 mln in Q1, accelerating profitability National Bank of Greece (NBG) reported a net profit of 131 million euros from continued operations in the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4.
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EconomyProgramme
Lenders deem second post-MoU review over, Athens waits for debt relief The European Commission issued on Wednesday the update to its second post-programme surveillance report which should pave the way for the Eurogroup on Friday to approve the release of close to one billion euros in debt relief.
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Economy BoG underlines progress in NPE reduction but stresses need for systemic solution In its annual report published on Monday, the Bank of Greece (BoG) provided an update regarding Non-Performing Exposures (NPE), which is the major challenge for the domestic banking system and in which the BoG has taken an active role by leading an initiative for a more systematic approach to improving banks’ balance sheets.
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EconomyProgramme
Government makes last-minute change to main homes bill in bid to satisfy creditors MPs are due to approve on Friday the new framework for the protection of primary residences from foreclosure after the government made a last-minute change on Thursday, aiming to satisfy Greece’s lenders ahead of the April 5 Eurogroup.
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EconomyProgramme
Talks on primary residences continue as bill proceeds through Parliament The government’s draft law on the protection of primary residences is on the way to be adopted by Parliament but negotiations between Athens and the institutions regarding the details of the new scheme are continuing.