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Newsletter 241 - 28/02/2020
NPL stock was now of utmost importance. 2 Economic sentiment at 113.2 in Feb Strong improvements
7% -
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingProtection Scheme (“HAPS”) to further derisk the bank’s balance sheet. NPL stock came to 16.8 billion euros
7% -
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingextended to non-NPL customers. All of the bank’s business customers had been contacted to assess impact
7% -
Property e-auctions resume after pandemic hiatus as banks focus on NPLs
EconomyBankinghad been falling. In July, the Bank of Greece said that NPL stock at the end of 2019 came to 68.5
7% -
Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingworth 2 billion euros. In addition to NPL activity, NBG also issued a 500 million euro Green senior
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Parties clash ahead of budget vote, govt looks to ease holiday lockdown for churches
PoliticsGreek Politicsthe government’s plans for the banking section, which include a target to reduce NPL ratios to single digits
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Banks end year with continued bad loan sales
EconomyBankingfrom their March 2016 peak. The NPL-to-total loan ratio remained high in September 2020 at 35.8
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingquarter -- Alpha’s NPE and NPL ratios will drop to 24 percent and 13 percent respectively, from 43
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
EconomyBankingbillion euros from 18.7 billion euros in Q1, while the non-performing loan (NPL) stock fell to 5.2
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DBRS ups Greece's rating one notch further into investment grade
Economyhave improved resilience, with nonperforming loan (NPL) ratios near the EU average and deferred tax
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