Banking
Eurobank profitability accelerates in second quarter, at 190 mln in H1
Eurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year.
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
Alpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.
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.
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Piraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
ECB clears banks after stress tests, approves change to DTCs as momentum builds
The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
Alpha Bank buoyed by 800-mln-euro share capital raise
Alpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share.
Loans under credit servicing firms increase 7.2 pct QoQ to 42.8 bln
The Bank of Greece’s (BoG) released statistics for the first quarter (Q1) of 2021 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
Piraeus and Alpha forge ahead with share capital raises and securitisations
Activity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
NBG posts 557 mln profit in Q1
National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
Eurobank posts Q1 net profit of 70 mln
Eurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.