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OECD advocates closer look at health and capital quality of Greek banks
EconomyBankingof lending. NPEs are the main source of vulnerability as net of provisions they constitute 140 pct...-performing exposures (NPE), the quality of the capital base and low profitability. The pandemic only came... that will have a more decisive effect on dealing with the NPE and the quality of capital
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Cyprus EEZ keeps Greek-Turkish relations on edge
PoliticsForeign Policy, which was unusual for the Greek government when dealing with such incidents, may have been... that it was unusual for the main opposition party in Greece to blame the government during a mini-crisis
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Macroeconomic fundamentals for Greece
Agoragrowth rebound after the Corona pandemic. As Table 2 demonstrates, because of unusual shocks...), this would yield a structural nominal GDP growth rate of around 2.5 percent a year. The unusual cycle
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Mitsotakis raises alarm over Hormuz, Turkey and new geography of European security
PoliticsGreek PoliticsDendias reinforced this message with unusual bluntness. Speaking about the leaked Turkish “Blue... Kövesi reacted with unusual force. In a formal letter to Justice Minister Giorgos Floridis, leaked
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Sharp increase for Greek bank provisions in Q2 due to capital shortfall highlighted by ECB
EconomyBanking, which is slightly lower than that recorded in Q2 (293.9 million) and Q1 (296 million). Net interest.... As a result, Alpha recorded a net loss of 1.14 billion euros in Q2 from 116 million in Q1, yet the bottom-line result for Q3 was positive with a net profit of 413.6 million, due to the much lower loan
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Newsletter 133
target of 1.32 billion euros. Overall, net revenues totalled 30.24 bllion in the eight-month period... billion in July. Net lending flow showed net deductions of 312.7 million euros from 456.1 million in the previous month. The negative flow in August comes as a result of net deductions of 150.4 and 134.1
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBanking). Net Interest Income (NII) in 9M came to 1.11 billion showing an increase of 3 percent YoY... percent in 9M and the net loans to deposits ratio came to 81 percent. Net fee and commission income (NFI... on an annual basis were new loan generation, as well as bancassurance and asset management fees. Net
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Newsletter 298 - 28/05/2021
Q1 earnings this week, with just Eurobank able to report a net profit, as Alpha Bank and Piraeus Bank.... Alpha Bank reported a net loss of 283.3 million euros for the first quarter on Monday, bringing... Alpha Bank to grow as the leading bank partner in this transformation.” The bank’s Q1 net loss was wider
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
EconomyBankingup impairments, against 829 million of impairments in Q1. Year-on-year, the net loss of 2.45 billion euros in H1 compares to a net loss of 150 million euros in 2020. Asset quality During the first six... the 470 million in H1 2020. Excluding once-off items PPI was 633 million euros. Net interest income (NII
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Eurobank profitability accelerates in second quarter, at 190 mln in H1
EconomyBankingEurobank posted a net income of 190 million euros in the first half (H1) of the year, compared to a loss of 1.17 billion euros in the same period last year. In the second quarter (Q2), net profit... to its timeline, which could take the NPE ratio down to 7.3 percent on a pro forma basis. P&L Net
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