Banking
Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
Alpha Bank entered an agreement with US investor Davidson Kempner Capital Management in a deal worth about 230 million euros that moves it towards completing Europe’s second-largest rated NPE securitisation.
Hercules nears end of its first cycle with National Bank's participation
The government’s Hercules Asset Protection Scheme (APS) for reducing bad loans on the books of the country’s major banks now includes all four systemic lenders following National Bank of Greece’s application to participate in the plan.
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
Banks end year with continued bad loan sales
At the end of a challenging year for the banking sector, Greece’s systemic banks have continued their activity to reduce bad loans with a few days of 2020 left.
Loans under credit servicing firms rise by 6.8 pct QoQ to 32.98 bln
The Bank of Greece’s (BoG) released statistics for the third quarter (Q3) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
NBG results show net profits of 602 mln euros in 9M
National Bank of Greece (NBG) reported net profits of 602 million euros from continued operations in the fιrst nine months (9M) of 2020, compared to 452 million euros in 9M 2019.
Alpha Bank Q3 results reflect net profits of 43.8 mln
Alpha Bank reported net profits of 43.8 million euros for the third quarter (Q3) of 2020 compared to a net profit of 97.5 million euros in Q2 2020.
Piraeus Bank posts pre-tax losses of 133 mln in 9M
Piraeus 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.
Eurobank net results show loss of 1.08 bln in 9M
Eurobank recorded net results of a loss of 1.08 billion euros in the nine-month period (9M) of 2020 compared to net profits of 94.3 million in 9M 2019.
Bridge scheme activated as banks look to avoid second-wave NPL increase
The ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic.