Banking
Capital controls to be abolished ahead of schedule
Prime Minister Kyriakos Mitsotakis announced on Monday that the government was moving ahead with the full lifting of the capital controls that have been in place in Greece since the summer of 2015.
BoG awaits go-ahead from DG Comp over NPL scheme
The Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan for the reduction of bad loans on the books of the country’s systemic banks.
Eurobank’s NPL sales take major step with two transactions
Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
Greek banks maintain focus on key areas as elections approach
Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
Card usage gains traction with debit cards leading the way, BoG finds
The Bank of Greece’s (BoG) latest overview of the Greek financial system has shown that the rate of card use among businesses and individuals has steadily increased over recent years.
Piraeus Bank issues Tier II bond to strong demand
Piraeus Bank’s closely watched Tier II bond issue was deemed a success after raising 400 million euros on Wednesday. In total, bids of over 850 million euros were submitted.
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
The financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs).
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
A major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had entered into a strategic agreement with Intrum for the management of NPLs worth a total of 27 billion euro via a special purpose vehicle.
Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a profit of 14 million euros compared to a net profit of 145 million in Q4 2018. The latest results reflect a fourth continuous quarter of profitability for the bank.
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.