Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
NBG reports profits of 833 mln in 2021
Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
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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