Banks make steady progress on improving balance sheets via securitisations
Banks moving at pace on road to recovery
Busy Q2 for securitisations sees rise in bad loans managed by servicers
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
ECB clears banks after stress tests, approves change to DTCs as momentum builds
NBG increases profits in H1 as it progresses with NPE clean up
National Bank of Greece (NBG) reported a profit after tax from continuing operations of 622 million euros in the first half (H1), compared with a profit of 465 million euros in the same period of 2020, a rise of 34 pct.
Pre-provision income (PPI) stood at 803 million euros, down by 24 pct on the 1.05 billion euros of H1 2020.
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