Banking
ECB clears banks after stress tests, approves change to DTCs as momentum builds
The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
Alpha Bank buoyed by 800-mln-euro share capital raise
Alpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share.
Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
The Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2021 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Piraeus and Alpha forge ahead with share capital raises and securitisations
Activity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
NBG posts 557 mln profit in Q1
National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
Eurobank posts Q1 net profit of 70 mln
Eurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.
Piraeus announces Q1 loss of 407 mln as provisions mount
Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
Alpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.
Piraeus Bank raises 1.38 bln in share capital increase
Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.
Banks tout ambitious NPE plans to return to European mainstream
Greece’s banks have started what was set to be a difficult year for them by winning plaudits for their progress towards meeting tough goals for reducing the stock of non-performing exposures.