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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking’s licensed NPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs... between 2018 and 2021. The NPL balance came to 11.1 billion euros. The NPL ratio came to 25 percent from 25.9 percent in Q2 while the NPL coverage ratio edged down to 68 percent. Eurobank noted
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... systemic banks have agreed with the ECB/SSM to reduce their NPL ratios below 20 percent. However, even after achieving this Stournaras noted that the NPL ratio in Greece will be five times higher than
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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingcame to 53.4 percent from 59.2 percent. At the same time, the domestic non-performing loan (NPL) dropped by 600 million euros and stood at 7.5 billion. This led the group NPL ratio to stand at 21.7 percent. The NPL coverage ratio stood at 76.8 percent. Regarding NPL sales, the bank highlighted upcoming
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingcoverage increased to 44.8 percent. Total coverage stands at 101.7 percent. NPL balances in Greece... billion, unchanged from Q2 2020. The group NPL ratio stood at 30 percent. The NPL coverage ratio stood... of the transaction. After the Galaxy transaction, Alpha Bank’s NPL ratio in Greece will be down to 13
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyand profitability is the evolution of Greek banks’ non-performing loan (NPL) ratio, which jumped to 29.3.... Although the NPL formation shows a decelerating trend thereafter, the absolute figure is set to continue increasing. According to bank sources, NPL ratio rose close to 32 percent at the end of December
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBanking-performing loan (NPL) ratio rose by 50 bps QoQ to 23 percent with the rate of the Greek NPL accelerating to 100 bps in Q1 from 30bps in Q4. Management noted that a similar trend is also evident in Q2. NPL
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Alpha Bank posts loss of 94.1 mln in Q1
EconomyBankingcost savings of circa 100 million on an annualised basis. The non-performing loan (NPL) ratio rose to 33.3 percent from 32.7 percent in Q4. After a temporary break in Q4, the NPL formation resumed..., the NPL coverage further increased to 56 percent from 54 percent in Q4 and 51 percent in Q3
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Alpha Bank reports H1 profits of 267.4 mln on one-off item
EconomyBanking-performing loan (NPL) ratio rose at a decelerating trend to 33.6 percent in Q2 from 33.3 percent in Q1. NPL formation fell to 158 million euros in Q2, which is the second lowest reading in the past 8 quarters, after a negative 352 million posted in Q4 2013. At the same time, the NPL coverage rose
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