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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingfrom 45.4 percent in the previous quarter. Pre-write off non-performing loan (NPL) formation remained negative also and came to around -500 million euros. NPL stock declined once more by 900 million QoQ... loans. As a result, the NPL ratio fell to 36.2 percent in Q3 from 37.1 percent in Q2, with the NPL
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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBanking, unchanged from the previous quarter. Broken down by segment, gross non-performing loan (NPL) formation... segment (+9 million). Overall, the Greek NPL stock fell to 18.5 billion euros in September, landing... that another 1.5 billion euros needs to be reduced by the end of the year. The reduction in the NPL stock led
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingpercent in the previous quarter. NPL stock declined to 20.5 billion from 20.7 billion in Q4, while the NPL ratio edge up to 35.5 percent in Q1 from 35.3 percent in Q4. The NPL coverage ratio stood at 80 percent compared to 75 percent previously. The bank reported that since the September 2015 peak, NPL
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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBanking. At the same time, domestic non-performing loan (NPL) formation dropped by 57 million, slowing from...). This led the group NPL ratio to stand at 31 percent from 32.4 percent in Q4. The NPL coverage ratio inched up to 82.9. NBG’s NPE and NPL coverage ratios are the highest among its domestic peers
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingcompared to the figure of 16.4 million in Q1. Since June 2017, NPL stock has declined by 2.3 billion. By segment, NPL formation in the retail segment increased by 70 million euros, and declined by 14 million... this year, the group’s NPL ratio came to 34.7 percent in Greece and 35.6 percent on a group level
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NBG net profits decline to 8 mln in Q3, NPLs continue to fall
EconomyBankingloan (NPL) dropped by 1.6 billion euros and stood at 14.9 billion. The movement in the latest... portfolio, NPL formation rose by 218 million. Within this segment, NPL formation in mortgages rose by 215... million. This led the group NPL ratio to stand at 34.1 percent. As mentioned, the bank’s NPE and NPL
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NBG reports full year net profits of 50 million euros from continued operations
EconomyBanking(NPL) formation fell by 198 million to stand at 11.1 billion euros. The movement in the latest quarter reflects negative NPL formations in all four subcategories. In the corporate portfolio, NPL...) and consumer (-8 million). This led the group NPL ratio to stand at 29.9 percent. As mentioned
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Tsipras conducts varied reshuffle in further bid to revitalise coalition
PoliticsGreek Politicsbe leaving the Interior Ministry to become SYRIZA’s secretary, several other frontline officials... role is Alexis Haritsis. The 41-year-old was appointed interior minister, replacing the outgoing... is one of the few cabinet members to emerge with his reputation relatively intact. The Interior
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Newsletter 417 - 22/03/2024
by the Interior Ministry, a Greek prosecutor and the country's data protection authority, while several... the upcoming European Parliament elections, and the resignations of a senior Interior Ministry official... that the email list was leaked from the Interior Ministry during the tenure of the caretaker government
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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politicsat ministerial level in five departments: Development, Migration, Interior, Labour and Agricultural... as Interior Minister. Kostas Tsiaras, once a justice minister under Mitsotakis, becomes the new agriculture minister. Niki Kerameus is being moved from the Interior Ministry to the Labour Ministry
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