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Banks moving at pace on road to recovery
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Busy Q2 for securitisations sees rise in bad loans managed by servicers
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
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NBG increases profits in H1 as it progresses with NPE clean up
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
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ECB clears banks after stress tests, approves change to DTCs as momentum builds
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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