Banking
Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
Eurobank recorded net profits of 1.1 million euros in the second quarter (Q2) of 2018 compared to profits of 34.5 million in the previous quarter.
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
Alpha Bank reported a net loss of 52.9 million euros in the second quarter (Q2) of the year, attributable entirely from profits originating from continued operations. The results reverse profits of 65.2 million euros noted in the first quarter of the year.
Greek banks push for return to normality
Greece’s banks form a crucial element in the country’s road to economic recovery, and recent indicators point to signs of a delicate improvement.
Banks try to build on growing confidence
With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Rating agency Standard & Poors announced on Friday that it had upgraded bonds issued by Piraeus Bank and the National Bank of Greece (NBG) to “investment grade”.
Improving trends in property market highlighted by central bank
The Bank of Greece (BoG) Monetary Policy released on Monday contained an outlook for the property market in Greece and anticipated developments, which highlighted that signs of stabilisation were noted during 2017.
BoG report outlines benefits of surveillance and scenarios for debt
In the Monetary Policy report that was issued on Monday, Bank of Greece (BoG) dedicates a section on the completion of the third programme based on the agreement that was reached at the June 21 Eurogroup.
Piraeus enters agreement for sale of 2.2 bln loan portfolio
Piraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio.
BoG Monetary Policy Report positive on programme end but advises caution for future targets
Bank of Greece (BoG) issued its annual Monetary Policy Report for 2017 – 2018 on Monday, in which it outlines the positive outlook from the completion of the third adjustment programme and the debt and surveillance decisions of the last Eurogroup.
The race to reduce Greece's bad loans
Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.