Tags
NPLs
RSS-
EconomyBanking
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.
-
EconomyBanking
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016 Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
-
EconomyProgramme
Out-of-court workout bill prepared amid apparent concern from banks The Development Ministry tabled on Tuesday to Parliament’s legislative committee the draft bill on the out-of-court workout, which is also directly linked to the resolution of non-performing loans (NPLs).
-
EconomyMacroeconomy
Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.
-
EconomyBanking
Nouy voices concern about impact of uncertainty on banks, rebuffs capital concerns In an interview with Skai TV on Wednesday, the head of the Single Supervisory Mechanism (SSM) Daniele Nouy confirmed that the first two months of the year were “a little bit disappointing” regarding both the deposit flow and the evolution of non-performing exposures (NPEs) of Greek banks.
-
EconomyMacroeconomy
Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln The rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday.
-
EconomyMacroeconomy
BoG sees chance of normality returning if review concludes swiftly In its annual report published on Friday, the Bank of Greece (BoG) called for a return to normality through the successful conclusion of the second programme review.
-
EconomyProgramme
Bill for out-of-court workout ready but may need tweaks The Development Ministry has tabled for public consultation until March 3 the draft law on the out-of-court workout, which is one of the key deliverables of the second programme review and also relates to the non-performing loan (NPL) resolution.
-
EconomyBanking
Greek banks stepped up write-offs in 2016, provisions increased at slowest pace since 2008 Greek banks stepped up the number of write-offs in 2016 compared to the previous years, the Bank of Greece (BoG) revealed.
-
EconomyProgramme
Tsakalotos and Stournaras raise objections to IMF assumptions The Article IV consultation report on Greece published by the International Monetary Fund on Tuesday evening included letters by the Greek Finance Minister Euclid Tsakalotos and Bank of Greece governor Yannis Stournaras, which both outlined their disagreement on certain assumptions and comments in IMF’s debt sustainability analysis (DSA) and ex-post evaluation report.