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After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
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NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
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Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pct
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Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
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Banks discover stress test assumptions, results due in July
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HFSF sets out bank divestment strategy, marking final chapter in turbulent story
Commission gives go-ahead for APS to reduce NPL pile
The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books.
The Commission concluded that under the proposed Asset Protection Scheme (APS), the Greek state will be remunerated in line with market conditions for the risk that it assumes. As such, the proposal submitted by Athens does not entail any state aid.
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