Banking
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.
All eyes on Piraeus as share price tumbles amid coupon payment concerns
The 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.
Latest market foray for 15-yr bond attracts strong investor interest with record low yield
Greece completed on Wednesday its fifth market foray for the year by re-opening the 15-year bond that it had issued at the end of January.
Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
The Bank of Greece’s (BoG) released statistics for the second quarter (Q2) of 2020 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Banks remain largely profitable in Q2, with focus on NPL reductions
Greece’s four systemic banks completed the second quarter of the year with relatively stable performance results amid the pandemic.
Property e-auctions resume after pandemic hiatus as banks focus on NPLs
Property e-auctions resumed last week after a six month hiatus due to the coronavirus pandemic as banks hoped to preserve prices for valuations.