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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBankingquarter-on-quarter (QoQ) to 165 million. Compared to H1 last year, PPI rose by 26 percent to 310 million..., with NPE coverage standing at 55.7 percent. At the same time, domestic non-performing loan (NPL) formation dropped by 1.1 billion in Q2 to bring NPL stock to 9.1 billion. This led the group NPL ratio
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpressure in the future once the draft law on SBL NPL settlement is passed. Operating expenses eased... gross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit NPL at 41.3 percent, corporate at 34.3 percent and mortgages at 29.7 percent. NPL formation dropped
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingof retail NPEs have already been assigned to CEPAL, the first NPL servicer licensed in Greece, while... aims to reduce its parent NPE and NPL stock by 12.3 and 11.6 billion respectively until December 2019... loans with property collaterals. National Bank of Greece has a decent NPL profile with a ratio of 37.3
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingreduction of the existing NPL stock was now of utmost importance. Among the country’s other banks, Alpha... loans. Greece’s four systemic banks have agreed with the ECB/SSM to reduce their NPL ratios below 20 percent. However, even after achieving this Stournaras noted that the NPL ratio in Greece will be five
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingin H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310... balance sheets with the total currently standing at 26.1 billion. NPL stock stood at 17.36 billion... and NPL stocks of 11.1 billion. NBG currently has the smallest amount of bad loans on its books
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking. On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due... in Q2. For the group, NPL also peaked to 26 percent in Q3 from 24.6 percent in Q2 with the coverage ratio easing to 71.8 percent in Q3. The most marked increase in NPL formation was recorded
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingthat in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been... end up with banks. But to meet NPL reduction targets, the spectre of stepping up property auctions
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted...’s four systemic banks are expected to officially announce their new NPE and NPL targets
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingwas the significant acceleration in the non-performing loan (NPL) formation, which jumped threefold..., where NPL formation reached 327 million versus almost zero in Q2. Deposits fell 0.7 percent quarter
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeimpact on banks’ liquidity and macroeconomic stability. A secondary NPL market is regarded as being... 22 billion euros in the NPL reduction effort. The sMoU builds on the already established process
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