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Loans under credit servicing firms edges down by 0.4 pct QoQ to 30.90 bln in Q2
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Banks remain largely profitable in Q2, with focus on NPL reductions
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Property e-auctions resume after pandemic hiatus as banks focus on NPLs
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Eurobank net results show profit of 176 mln in H1
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Alpha Bank posts net profits of 98 mln in Q2
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NBG results show net profits of 465 mln euros on strong income
Covid-19 presents new, significant challenge in banks' effort to reduce NPLs
The Greek banking system entered the new year with positive momentum for tackling the stock of non-performing exposures (NPE) after the Hercules asset protection scheme (APS) was launched, but the four weeks since the outbreak of the virus in Greece have brought the economy to a standstill and raised concerns about a new generation of bad loans.
In the annual governor’s report published last week, the Bank of Greece (BoG) takes stock of the situation in 2019, when NPEs settled at 68 billion euros in December, reduced annually by close to 14 billion euros, and more than 39 billion since the Marc...
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