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
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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