After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pct
Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
Banks discover stress test assumptions, results due in July
HFSF sets out bank divestment strategy, marking final chapter in turbulent story
Banks focus on defining challenge of reducing NPEs
Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
According to the latest available data from Bank of Greece (BoG) and the banks’ financial statements, 2017 was a successful year in meeting the NPE reduction targets but the reduction plan is backloaded and targets are steeper this year and next.
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