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NPLs
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EconomyBanking
BoG stresses more work needed on NPE reduction, pushes bad bank idea The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
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EconomyBanking
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune.
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Economy
BoG highlights how Covid-19 compounds legacy issues and structural challenges The Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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EconomyBanking
Alpha Bank posts net loss of 10.9 mln in Q1 Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.
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EconomyBanking
NBG results show net profits of 409 mln euros on strong trading income in Q1 National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
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EconomyBanking
BoG governor renews calls for launch of bad bank and ESM use Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
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EconomyBanking
Exposure to tourism sector a concern for banks despite effort to save season As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
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EconomyBanking
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
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EconomyFeatures
Study proposes higher public spending to counter expected rise in NPLs The Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market.
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EconomyBanking
Banks look for way forward as economic shutdown takes its toll Greeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill.