Banking
Bank stress tests find no capital needs, clearing path for MoU exit
The European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
Piraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued operations, reversing the loss of 17 million seen in Q3.
NBG reports net loss of 163 mln in 2017, bad loans continue to fall
National Bank of Greece (NBG) reported a net loss of 60 million euros in the fourth quarter (Q4) of 2017 from continued operations, deepening from the loss of 44 million in Q3.
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
Alpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent.
Greek banks' NPL selloff gathers speed
Amid the final stretch for Greece ahead of exiting its programme in August, there is one point of discussion that negotiations keep returning to, that of the bad loans plaguing the country’s banking system.
IFRS 9 provisions required by banks in line with expectations
Another box was ticked this week in the process that began last month, when the European Banking Authority officially launched the stress tests for Greek banks, which are due to be completed in May.
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
Banks gear up for stress tests, with results due in May
A clearer picture of the stress tests for Greek banks emerged over the past few days as the various stages and dates involved in the process were finalised.
Stress test assumptions cause few concerns for Greek banks
The European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.
Greek banks complete first round of covered bond issues
Alpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.