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Newsletter 428 - 21/06/2024
: Development, Migration, Interior, Labour and Agricultural Development. The new head of the Development Ministry is Takis Theodorikakos, who has previously served as Interior Minister. Kostas Tsiaras... is being moved from the Interior Ministry to the Labour Ministry, where she is replacing one of the few
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Eurobank records net loss of 207.4 mln in Q1
EconomyBankingto weaker NII from the international operations. The non-performing loan (NPL) ratio rose by 150 bps to 30.9 percent from 29.4 percent in Q4. NPL coverage increased by 40 bps QoQ to 50.3 percent. The NPL formation remained almost stable QoQ, yet incorporated two contradicting trends. In Greece
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Piraeus Bank reports net profit of 164.3 mln in Q2
EconomyBankingin Greece in Q1 2013 and Millennium Bank in Q2 2013. Non-performing loan (NPL) ratio increased... percent, remaining the highest among its domestic peers. The segmental breakdown showed mortgages NPL of 25.7 percent showed the highest quarterly growth (1.1 pp), followed by business loan NPL (+0.5 pp
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National Bank posts 9-month profits of 1.18 bln
EconomyBanking-performing loan (NPL) ratio showed stabilising trends in Q3, similar to those posted in Q2. Group NPL ratio increased by 0.2 pp to 23.4 percent, while Greek NPL displayed a higher rise of 0.9 pp to 30.2 percent. After slowing in the preceding seven quarters, NPL formation posted an upward trend in Q3
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Piraeus Bank seals milestone deal with KKR over 1.2 bln of non-core assets
EconomyBankingfor Greek banks is the effective NPL management. Apart from easing the debt service burden... and Millennium Bank) over the past two years, Piraeus has the highest NPL ratio among its domestic peers at 39 percent in Q3 2014. Its Greek NPL ratio reached 39.4 percent in Q3 more than 5 percentage points (pp
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Newsletter 23 - 17/04/2015
in NPL formation in the fourth quarter of 2014, the deterioration of the asset quality accelerated... increase in NPL stock is equivalent to the total in NPLs that were added throughout the whole of 2014.... The group NPL ratio (NPLs over gross loans) climbed by more than 1.5 percentage points to 32.2 percent
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Greek banks’ loan quality is deteriorating
Economyor even slowdown in NPL formation in the fourth quarter of 2014, the deterioration of the asset... billion increase in NPL stock is equivalent to the total in NPLs that were added throughout the whole... of December. The group NPL ratio (NPLs over gross loans) climbed by more than 1.5 percentage points to 32.2
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Greece and lenders seen making progress on privatisation fund but not on NPLs
EconomyProgrammeof the liberalisation non-performing loans (NPL) yesterday’s meeting between the Economy Minister... reached on the taxation of NPL management companies and loan write-offs. The government has proposed the exemption from NPL sales of loans to SMEs (above 500,000 euros), to the self-employed (above
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingGreek corporates into a platform managed by Pillarstone. The non-performing loan (NPL) portfolio... could soon sign similar agreements with KKR for the management of part of their NPL portfolios... in a notable rise in the NPL coverage ratio from 58.8 percent in 2014 to 68.1 percent in 2015. However
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Eurobank turns profitable in Q1 for first time since Q3 2011, with net profit of 60 mln
EconomyBankingquality front, a significant deceleration was posted in the non-performing loan (NPL) formation to just 42 million in Q1 from 235 million in the previous quarter. This mainly reflected a negative NPL... business loans. As a result, the NPL ratio edged down to 34.8 percent in Q1 from 35.2 percent in Q4
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