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  1. NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
    Photo by MacroPolis

    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

    72%

  2. Mortgage loans a key piece of NPL reduction puzzle

    EconomyBanking

    that 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

    72%

  3. Banks submit new NPL targets to SSM, with sales leading way in reduction drive
    Photo by Panayiotis Tzamaros/Fosphotos

    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

    72%

  4. NBG results show net profits of 409 mln euros on strong trading income in Q1
    Image via www.nbg.gr

    EconomyBanking

    will be offset by payment moratoria. The domestic non-performing loan (NPL) remained unchanged at 7.5 billion euros. This led the group NPL ratio to stand at 21.8 percent. The NPL coverage ratio stood... (ΝΙΙ) fell by 4 percent QoQ to 277 million. This reflects mainly the rapid NPE reduction of 4.7

    71%

  5. Piraeus Q3 trading update shows significant acceleration in NPL formation
    Photo by MacroPolis

    EconomyBanking

    was 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

    67%

  6. Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyProgramme

    impact 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

    67%

  7. BoG awaits go-ahead from DG Comp over NPL scheme
    Photo by MacroPolis

    EconomyBanking

    the transaction on October 1, 2019. The end result will be the largest NPL management company... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns

    67%

  8. Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
    Photo by MacroPolis

    EconomyBanking

    stock on its balance sheets with the total currently standing at 26.1 billion. NPL stock stood... in the first half of next year. Another two NPL securitisations are in the works with a value of 1

    67%

  9. Newsletter 190 -18/01/2018

    Newsletters

    of the banking system, including NPL resolution efforts by ensuring the continued effectiveness of the relevant... billion euros and was below target by 611 million. Monthly net revenues totalled 5.34 billion euros

    64%

  10. Progress in bailout talks but foreclosures and NPL management stand in way of agreement

    EconomyProgramme

    on the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement

    60%