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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
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Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
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NBG reports profits of 833 mln in 2021
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
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Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
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Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
Greece’s central bank notes that, according to its baseline scenario, the economy will shrink by 10 pct in 2020, before resuming a growth path of 4.2 pct this year and 4.8 pct in 2022. This is broadly in line with the Finance Ministry’s estimate of 4.8 ...
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