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State braces for losses as bank divestment plan is put into action
EconomyBankingThe Hellenic Financial Stability Fund (HFSF) formally launched last week the process of divesting its small participation in the share capital of Eurobank. This set in motion HFSF's plan to dispose of its holdings in the four systemic banks, bringing to...
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Athens not put out by Turkey-Egypt rapprochement, but watching closely
PoliticsForeign PolicyAthens is assessing the results of the historic meeting between Turkish President Tayyip Erdogan and his Egyptian counterpart Abdel Fattah al-Sisi on Wednesday, in Ankara. The two leaders discussed ways to further repair the long-frozen ties between the...
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Rule of law concerns in spotlight again as government focusses on farmers' grievances
PoliticsGreek Politicsis concerned. The report, put together by partner organisations of the Media Freedom Rapid Response (MFRR... the government being out of touch with farmers’ problems and have rejected the idea, put forward by some... will help head off any roadblocks. However, some farmers are angry about a perceived snub
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Newsletter 412 - 16/02/2024
they could support the legislation could abstain from the vote. However, this put the pressure... in Parliament, while the party has also put forward what it says is a fully costed programme to tackle... would be taken at the roadblocks set up across the country, but their immediate reactions suggest
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBankingthat arose from the CA. Alpha Bank Alpha posted a pre-provision income (PPI) of 281.7 million for Q3... on the back of lower deposit cost, leading core PPI (excluding one-off items) up 1.1 percent QoQ... percent in Q2 from 104 percent in Q1 and 95 percent at the end of 2014. PPI significantly improved
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBanking, the bank posted net loss of 1.18 billion euros from 1.22 billion in 2014. Pre-provision income (PPI... of other income to -7.5 million in Q4 from 53.6 million in Q3. Stripping out non-core items, core PPI..., noting it estimates the bank to become profitable mainly on the back of mid-teen PPI growth, cost
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Greek stocks climb 3 pct on week, banks post double-digit gains
Economyin Q2 from 2.2 million in Q1, while core pre-provision income (PPI) slipped 0.5 percent quarter... million in Q2 from 60.2 million in the previous quarter. Core PPI improved by 5.8 percent QoQ to 387.7... PPI rebounded 10 percent QoQ, while loan provisions soared 32 percent to 208 million. Piraeus Bank
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingfor overall operations. Pre-provision income (PPI) rose by 3 percent quarter-on-quarter (QoQ) to 214 million. When excluding one-off items, namely the bank’s voluntary retirement scheme, PPI fell by 6 percent QoQ. PPI in Q1 2018 stood at 64 million euros. Excluding one-off items, PPI for the same quarter last
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingincome (PPI) declined by 12 percent quarter-on-quarter (QoQ) to 188 million. When excluding one-off items, specifically the bank’s voluntary retirement scheme, PPI fell by 5 percent QoQ. PPI in Q2 2018 stood at 196 million euros. Excluding one-off items, PPI for the same quarter last year remained
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingby 27.8 percent year-on-year (YoY). Piraeus Bank reported pre-provision income (PPI) of 402 million in H1, an increase of 54 percent YoY. This was followed by NBG, where PPI rose by 26 percent to 310 million euros. Eurobank reported a YoY drop in PPI of 3.4 percent, bringing the total to 398.6
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