Piraeus and Alpha forge ahead with share capital raises and securitisations
NBG posts 557 mln profit in Q1
Eurobank posts Q1 net profit of 70 mln
Piraeus announces Q1 loss of 407 mln as provisions mount
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
Piraeus Bank raises 1.38 bln in share capital increase
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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