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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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Newsletter 27 - 22/05/2015
and reform priorities. In short, while Nicosia is in the process of winding down its affairs... complex reforms and finding compromise solutions with international creditors. Although Cyprus
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Growth, not just of the economic variety
Agorastage. Nevertheless, in the journey along the winding, precipitous road towards better days.... One of the less obvious ones involves the media finding a role that lies far from the extremes
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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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Newsletter 10 - 09/01/2015
by the Interior Ministry. For citizens who are prevented from voting in their home constituency... that goes to the winning party rather than hand New Democracy a surprising victory. The percentage that the winning party would need to win at least 151 seats in Parliament depends The strength of the parties
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Inquiry into surveillance scandal begins as ND feeds speculation about change to election law
PoliticsGreek Politicsto be an option. Interior Minister Makis Voridis blamed the centre-left party for taking this option off the table... Development Fund (HRADF), Stergios Pitsiorlas, in which he expressed his disappointment at finding out that he... examined. One is a return to the 50-seat bonus for the winning party, which applied in the 2019
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Stournaras eyes easing of capital controls, updates on loan quality and NPL reduction targets
EconomyMacroeconomyAppearing before Parliament’s economic affairs committee on Monday Bank of Greece (BoG) Governor Yannis Stournaras presented the organisation’s monetary policy report, which was released a month ago, and provided an update on Greek banks’ loan quality a...
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