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
NBG increases profits in H1 as it progresses with NPE clean up
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
The previous quarter positive bottom-line result in fully attributed to non-recurring items, primarily the positive impact of 432 million from the change in the nominal tax rate from 26 to 29 percent on deferred tax asset (DTA).
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