NBG NII jumps 73 pct in Q1 to 497 mln
Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct
Alpha Bank's normalised profit at 162 mln in Q1, NII jumps by 51 pct to 424 mln
Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pct
Property prices grow by 12.2 pct in Q4, as 2022 sees rise of 11.1 pct
Lenders confident of being well-placed to overcome global banking sector turbulence
APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
Greece’s much-anticipated Asset Protection Scheme (APS), nicknamed Hercules, that aims to help banks clean up their balance sheets is a few steps away from coming into effect after the Finance Ministry submitted the draft law to Parliament on Tuesday under the emergency procedure.
Approximately a year ago, share prices of Greek banks went through a period of turbulence that saw the value of the banking index in the Athens Stock Exchange essentially halve within a handful of months. Investors were alarmed by the domestic lenders’ ...
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