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Banks discover stress test assumptions, results due in July
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HFSF sets out bank divestment strategy, marking final chapter in turbulent story
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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
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NBG reports 652 mln profit in 9M, core PPI up 14 pct
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Business transformation paying off as Eurobank records 932.3 mln profit in 9M
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Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
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.
In the latest official data on bad loans on the banks’ balance sheets released by Bank of Greece last week, the stock of NPEs on the banks’ books dropped below 35 billion euros. At the peak, they were edging close to 120 billion euros. The NPE ratio has...
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