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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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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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Bank of Greece report overviews lenders' profitability, urges drastic NPL management
EconomyBankingThe Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions. The report showe...
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Second post-MoU review hinges on NPL plan and protection for primary residences
EconomyProgrammeAn uncomfortable Euro Working Group meeting last week has left Athens with much to do in the coming days as it seeks to obtain the green light for the disbursement of the ANFA and SMP bond profits in March. According to reports, the institutions and eur...
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Banks highlight areas of concern in talks on NPL scheme
EconomyBankingThe Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guara...
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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingThe European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books. The Commission concluded that under the proposed As...
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