Banking
Greek banks' NPL selloff gathers speed
Amid the final stretch for Greece ahead of exiting its programme in August, there is one point of discussion that negotiations keep returning to, that of the bad loans plaguing the country’s banking system.
IFRS 9 provisions required by banks in line with expectations
Another box was ticked this week in the process that began last month, when the European Banking Authority officially launched the stress tests for Greek banks, which are due to be completed in May.
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
Eurobank recorded net profits of 53.3 million euros in the fourth quarter (Q4) of 2017 from 61.2 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 12.6 percent.
Banks gear up for stress tests, with results due in May
A clearer picture of the stress tests for Greek banks emerged over the past few days as the various stages and dates involved in the process were finalised.
Stress test assumptions cause few concerns for Greek banks
The European Banking Authority (EBA) formally launched on Wednesday the 2018 EU-wide stress test exercise by releasing the scenarios that will be applied to the methodology published last November.
Greek banks complete first round of covered bond issues
Alpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.
BoG sees ample capital space for banks to sell bad loans
The Bank of Greece (BoG) presents in its semiannual overview of the Greek financial system a sensitivity analysis on active NPE management by Greek financial institutions in relation to the operational targets of reducing their stock to 64.6 billion euros, from 101.8 billion, by the end of 2019.
Clearer picture emerging ahead of stress tests, banks appear confident
As Greece’s banks gear up for the stress tests at the start of next year, a clearer picture is emerging as the Troubled Assets Review (TAR) is underway and banks are firming up their assessments about the implementation of the new provisioning standards in IFRS 9.
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
Piraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.