Banking
Piraeus Bank posts pre-tax losses of 215 mln in H1
Piraeus Bank’s first half (H1) results revealed pre-tax losses of 215 million euros compared to pre-tax profits of 57 million euros in the relevant period in 2019.
OECD advocates closer look at health and capital quality of Greek banks
In its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.
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.
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.
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Piraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
Eurobank net profits at 56.8 mln in Q1
Eurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
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.
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.
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.
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.