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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. Bad loans On the asset quality front, Piraeus reported a negative non-performing loan (NPL) formation... for the third successive quarter. Specifically, NPL formation stood at -207 million in Q2 and also... NPL formation of 245 million. The breakdown showed all lending segments had a negative contribution
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking-performing loan (NPL) formation for the third successive quarter with Q3 figure at -335 million euros...) and to a lesser extent to mortgages (-41 million), while consumer credit posted a slightly positive NPL formation of 5 million. NPLs As a result, the NPL ratio edged down for the second consecutive quarter
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBanking-performing loan (NPL) formation for the second successive quarter of -28 million in Q3 from -16 million in Q2. In Greece, the negative NPL formation stood at -17 million in Q3 and reflected a negative... to loan deleveraging, the NPL ratio edged up to 34.8 percent in Q3 from 34.7 percent in Q2
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, also staying negative for a fifth quarter, while in consumer loans, NPE formation was -5 million. NPL... formation of 26 million in Q3. The NPL stock was reduced by around 1.2 billion QoQ to 15.8 billion with the NPL ratio slipping to 33.2 percent in Q4 from 35.2 percent in Q3. The NPL coverage ratio edged
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingin consumer loans. After declining in Q4 by 153 million, NPL formation rose in Q1 to stand at 30 million, split between 18 million in Greece and 12 million in the international market. The NPL stock edged down by 200 million QoQ to 15.6 billion, with the NPL ratio coming to 33.2 percent from 33.4
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingeuros and remained negative for a seventh quarter. NPL formation fell in Q2 by 77 million euros... of 4 million in the international market. The NPL stock edged down by 400 million QoQ to 15.2 billion, with the NPL ratio coming to 32.5 percent from 33.2 percent in Q1.The NPL coverage ratio fell
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingin consumer loans. NPL formation fell in Q2 by 31 million euros, consisting of a decline of 36 million euros.... The NPL stock edged down by 1.2 billion QoQ to 14 billion, with the NPL ratio coming to 30.9 percent from 32.5 percent in Q2. The NPL coverage ratio fell to 68 percent from 70 percent. In the Greek
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Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
EconomyBankingperiod a year ago, NPLs have declined by 2.2 billion euros. By segment, NPL formation in the wholesale.... Within retail NPL formation declined in all three sectors. Specifically, small business loan NPLs fell... million. The reduction in the NPL stock led to an improvement in the NPL ratio to 32 percent in Greece
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Greece pinpoints flaws in Turkey's Aegean claims
PoliticsForeign Policya cut-off effect on the coastal projection of Turkey, towards Libya’s shores. Also, being on the “wrong... have a cut-off effect on the coastal projection of Turkey to the Libya’s shores. Athens believes... naval mission to Libya on March 31. The new operation is named after the Greek word for peace “Irini
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Erdogan's Hagia Sophia move adds to complexity, uncertainty of Greek-Turkish relations
PoliticsForeign Policy, bilateral cooperation between EU-Turkey on the refugee/migrant issue and developments related to Libya... violation of the arms embargo in Libya, according to a high-ranking EU official. There is a growing... by Turkey and the Turkey-Libya memorandum, Dendias said that “Greece has capable armed forces
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