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This is the government's strategy on banks and NPLs as part of third bailout
EconomyOn the NPL front, the authorities will prepare a reliable strategy for dealing with NPLs aiming... on the segmentation of NPLs in banks’ balance sheets and the evaluation of their ability to address each NPL category... of NPL settlement, including the servicing and disposal of NPLs, protecting at the same time the most
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingrespectively. Unlike NPEs, the domestic NPL formation increased to 188 million in Q3, from just 2 million in Q2. This is entirely attributed to the corporate sector, where NPL formation rose to 280 million in Q3... classified as NPEs. In contrast, the retail NPL formation was kept negative in Q3 with small business
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Alpha Bank remains profitable in Q2, NPEs reduced further
EconomyBankingloan (NPL) formation in Greece remained negative for the third successive quarter, significantly... a positive formation of 67 million. As a result, the Greek NPL stock fell to 18.8 billion euros... in H2 for the bank to meet the end-year NPL target of 17.6 billion. The reduction in the NPL stock led
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdeclined by around 3 billion euros. Broken down by segment, gross NPL formation in Greece showed... million). The reduction in the NPL stock led to an improvement in the NPL ratio to 34.3 percent in Greece and to 34.9 percent on a group level, with the NPL coverage ratio remaining largely unchanged at 66
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingfrom 45.5 percent in the previous quarter. NPL stock declined once more by 720 million QoQ and landed at 20.7 billion. As a result, the NPL ratio fell to 35.3 percent in Q4 from 36.2 percent in Q3, with the NPL coverage ratio at 75 percent from 69.7 percent in the previous quarter. Across the year
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The race to reduce Greece's bad loans
EconomyBanking, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9 billion, landing exactly... euros) and NPE sales (-3.5 billion euros). Piraeus Bank expects combined NPE and NPL stock to stand... stock at 17.8 billion, below the bank’s target of 18.1 billion. NPL stock edged down by 200 million
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Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
EconomyBankingeuros. NPL formation dropped by 86 million in Q1, marking a fourth consecutive quarter of declines, bringing the total to 13 billion euros. The NPL ratio came to 29 percent from 33.1 percent in Q1 2018 while the NPL coverage ratio edged down to 68.2 percent. In the Greek market, the NPL ratio edged
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Watchdog's ruling in voter email leak prompts opposition calls for minister to resign
PoliticsGreek Politicson the Interior Ministry in connection to the leaked emails. They were found to have breached data... the time of the national elections. Someone from the Interior Ministry, who has not been identified... for the European Parliament elections next month. Interior Minister Niki Kerameus has stressed
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The euro debate Greece is not having
Agora. Overall, it creates a perfect feedback loop and a concerted effort to sink an economy. You might think
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Revenues at 4.77 bln in Oct, beating target for fourth straight month
Economyestimates a gg primary surplus of 812 million (0.4 percent of GDP) in 2013, higher than the initially
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