The interim financial statements of the Hellenic Financial Stability Fund (HFSF) published on Friday afternoon showed net losses of 577.83 million euros in the first quarter (Q1) of 2016 from 4.97 billion a year ago.
Attica Bank finds itself in the frontline of Greek political and banking developments after the Bank of Greece (BoG) rejected the nominations for the top positions, including the chairman and CEO, at the lender.
In addition to an update on the evolution of non-performing exposures (NPEs), the Bank of Greece (BoG) review report on the Greek banking system published in late July also revealed a number of characteristics regarding the quality of NPEs.
The Hellenic Financial Stability Fund (HFSF) published on Friday an updated analysis of the non-regulatory constraints and developments for the development of a non-performing loan (NPL) market in Greece.
National Bank of Greece (NBG) recorded net losses of 3.06 billion in the second quarter (Q2) of 2016, fully attributed to a one-off loss of 3.1 billion involving the recycling of losses related to Finansbank that were previously recognised in other comprehensive income as well as in equity and capital.
Eurobank remained profitable for the second straight quarter, albeit with lower net profits of 46.2 million in the second quarter (Q2) of 2016 from 60.2 million in the previous quarter.
Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.
Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa Europe from Visa Inc.
The Hellenic Financial Stability Fund’s (HFSF) General Council, which convened on Tuesday, appointed Christoforos Stratos and Michael Haralabidis as Executive Board CEO and Deputy CEO respectively for an interim period until the selection of the new board members.
National Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.