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Piraeus
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
EconomyBankingThe Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingPiraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
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ECB clears banks after stress tests, approves change to DTCs as momentum builds
EconomyBankingThe forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingActivity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingPiraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingPiraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.
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Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingPiraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising from Covid and one-offs loan securitisation losses.
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingPiraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB.
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingPiraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
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All eyes on Piraeus as share price tumbles amid coupon payment concerns
EconomyBankingThe banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.