Banking
Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
Alpha Bank reported a net loss of 2.5 billion euros in the first nine months of the year (9M), compared to profits of 134 million euros in 9M 2020, due to booking losses from its Galaxy NPE portfolio securitisation.
NBG profits up to 714 mln in 9M as NPE ratio is reduced further
National Bank of Greece (NBG) reported a profit after tax from continuing operations of 714 million euros in the nine months of the year (9M), compared with a profit of 602 million euros in the same period of 2020, improving by 19 pct.
Eurobank profitability rises in 9M, Mexico securitisation takes NPE ratio to 7.3 pct
Eurobank posted a net income of 216 million euros in the first nine months (9M) of the year, compared to a loss of 1.08 billion euros in the same period last year.
Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
Piraeus Bank posted a loss of 3.09 billion euros in the first nine months (9M) of 2021 due to impairments related to the NPE clean-up from loan securitisations and sales and Covid-19.
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.
Banks make steady progress on improving balance sheets via securitisations
Greeceās systemic banks are moving ahead with efforts to improve their balance sheets, aiming for single digit NPE ratios and profitability next year through securitisations assisted by the extension of the Hercules II APS.
Banks moving at pace on road to recovery
The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
Eurobank profitability accelerates in second quarter, at 190 mln in H1
Eurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year.
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
Alpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.