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Alpha Bank's net profit at 517 mln in H1, commissions jump to 229.1 mln
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
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Eurobank records strong profits of 691 mln in H1, net interest income jumps 12.2 pct
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Piraeus Bank reports profits of 559 mln in H1, commissions income strong at 325 mln
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Deposits slide by 795 mln in Apr, dropping to 198.37 bln
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Eurobank net profits at 314.1 mln in Q1, commission income at 169.2 mln
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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