Banks make steady progress on improving balance sheets via securitisations
Banks moving at pace on road to recovery
Busy Q2 for securitisations sees rise in bad loans managed by servicers
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
NBG increases profits in H1 as it progresses with NPE clean up
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
OECD advocates closer look at health and capital quality of Greek banks
In its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.
The Paris-based think-tank notes that over the last couple of years some positive developments have come about in the Greek financial sector.
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