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Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln
EconomyBankingThe bank reported a negative non-performing loan (NPL) formation of -225 million in Q4 compared..., the NPL stock slipped to 23 billion from 23.3 billion in Q3, while the NPL ratio eased to 38.1 percent in Q4 from 38.3 percent in Q3. In addition, the NPL coverage ratio improved to 69 percent from 68
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingalmost equally split between write-offs, liquidation and curing. Domestic non-performing loan (NPL... already included within the NPE perimeter. NPL formation in housing loans stood at 145 million.... In contrast, NPL formation in the corporate sector remained negative for the second successive quarter
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingat 49 percent. Non-performing loan (NPL) formation in Greece stayed negative for the second straight.... The negative NPL formation in Q1 is probably attributed to write-offs. The most significant negative movement resulted from the business portfolio (-96 million), while mortgages and consumer credit NPL
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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingwas unchanged QoQ at 60.2 percent. At the same time, domestic non-performing loan (NPL) formation dropped... formation in mortgages (+14 million). This brought NPL stock to 11.5 billion in Q2, leaving a reduction... NPL ratio to stand at 30.5 percent in Q2 from 31 percent in Q1. The group NPL coverage ratio came
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingand 19 million in consumer loans. NPL stock declined to 17.8 billion from 20.5 billion in Q1, while the NPL ratio declined to 33.1 percent from 35.5 percent in Q1. The NPL coverage ratio stood at 81 percent compared to 80 percent previously. In the Greek market, NPL formation fell by 722 million euros
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyNPL reduction targets, as well as the new framework for the protection of primary residences. As banks put sales rather than write-offs at the forefront of their NPL reduction strategy, real estate.... This week, Eurobank launched a property NPL securitisation portfolio code named ‘Pillar’. According
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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingA major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had... will be the largest NPL management company in Greece. In their recently released first quarter (Q1... is on target to meet its 2019 NPE reduction target of 3.5 billion. The NPL stock edged down slightly by 70
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, 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 to stand at 26.4 percent. The NPL coverage ratio stood at 77.4 percent. Regarding NPL sales, the bank
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingbillion euros. By segment, NPL formation in the wholesale segment increased by 110 million euros... securitisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further 57 million euros in the retail segment. Within retail NPL formation declined in all three sectors
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Greece's lenders adopt cautious approach to new government
EconomyProgrammePresident Jeroen Dijsselbloem devoted most of his remarks at the follow-up press conference on Greece. “We..., those figures are known it is clear that his remarks reminded the official eurozone view that Greek
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