Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
Banks remain largely profitable in Q2, with focus on NPL reductions
Property e-auctions resume after pandemic hiatus as banks focus on NPLs
Eurobank net results show profit of 176 mln in H1
Alpha Bank posts net profits of 98 mln in Q2
NBG results show net profits of 465 mln euros on strong income
Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
It was confirmed earlier this year that upon Greece's exit from its final bailout programme, the waiver in place on Greece's government bonds would expire, making them ineligible for the ECB's QE programme. Alpha Bank noted that it was able to maintain its ECB reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million in the year to date, ELA funding by 5.9 billion, while deposits had increased by 3.2 billion, repos by 2.6 billion along with 500 million euros which stemmed from a covered bond issuance.
Overall, the waiver effect had an impact of 1.2 billion on the bank's ECB collateral pool.
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