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  1. NBG remains profitable in Q2 with net results of 21 mln
    Photo by MacroPolis

    EconomyBanking

    was 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

    7%

  2. Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
    Photo by MacroPolis

    EconomyBanking

    and 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

    7%

  3. Banks focus on reducing NPLs linked to property
    Photo by MacroPolis

    EconomyMacroeconomy

    NPL 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

    7%

  4. Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
    Image via www.piraeusbankgroup.com

    EconomyBanking

    A 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

    7%

  5. Alpha Bank posts net profits of 4.7 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    billion 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

    7%

  6. Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept

    EconomyMacroeconomy

    also disclosed today the evolution of Greek banks’ non-performing loan (NPL) ratio, which jumped... to an accelerated NPL formation (i.e. rate of increase) to 1.9 percentage points in the third quarter from 1.5... points in their NPL ratio in the third quarter. The consumer credit ratio now stands at 45.8

    6%

  7. Greek deposits down 0.3 pct in Feb, credit contraction stable

    EconomyMacroeconomy

    is the evolution of their non-performing loan (NPL) ratio, which soared to 31.2 percent at the end of September from 29.3 percent at the end of June 2013. More importantly, the NPL formation (i.e. rate... quarter, according to BoG latest data. As expected, the consumer credit sector excels with its NPL

    6%

  8. European Commission review of Greek programme: The key points

    EconomyProgramme

    specific timetable. Banks Greek banks’ non-performing loans (NPL) continue to rise, yet the rate of new delinquencies has moderated. The NPL ratio jumped to 33.1 percent at the end of December from 25.5... to monitor banks’ progress in reducing their large NPL. Furthermore, Greek authorities will improve

    6%

  9. Piraeus Bank reports loss of 247 mln for Q1
    Photo by MacroPolis

    EconomyBanking

    of ECB funding. Non-performing loan (NPL) ratio increased to 37.9 percent from 36.6 percent in Q4 remaining the highest among its domestic peers. The NPL formation (rate of NPL increase) showed a decelerating trend for the second straight quarter. The NPL cash coverage remained stable QoQ at 51

    6%

  10. Eurobank reports loss of 186.6 mln in Q3
    Photo by MacroPolis

    EconomyBanking

    operations. The non-performing loan (NPL) ratio increased at a slightly accelerating pace QoQ to 33 percent...) to 3.7 billion (50.5 percent) and consumer credit NPLs to 3.1 billion (44.6 percent of total). NPL.... In the previous quarter the bank had posted a double drop in NPL formation by almost 300 million. Commenting

    6%