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  1. Banks enter final quarter with high hopes for bad loan reduction while challenges remain

    EconomyBanking

    billion. NPL stock stood at 17.36 billion. This was followed by Alpha Bank with NPEs of 21.3 billion and NPLs of 13.9 billion euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1... that domestic NPE stock stood at 12.9 billion and NPL stock came to 9.1 billion in the first half

    13%
  2. NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
    Photo by MacroPolis

    EconomyBanking

    came to 54.8 percent from 56 percent. At the same time, the domestic non-performing loan (NPL) dropped by 1.1 billion euros and stood at 8 billion. This led the group NPL ratio to stand at 24.4 percent. The NPL coverage ratio stood at 76.6 percent. The bank has set a target for NPLs to stand

    13%
  3. Eurobank net profits at 56.3 mln in Q3 from continued operations
    Image via www.eurobank.gr

    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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  4. Greek banks eye positive market appetite for bad loan sales
    Photo via www.helex.com

    EconomyBanking

    strategies, 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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  5. NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
    Image via www.nbg.gr

    EconomyBanking

    came 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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  6. Alpha Bank Q3 results reflect net profits of 43.8 mln
    Photo by MacroPolis

    EconomyBanking

    coverage 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

    13%
  7. Energy drives closer cooperation between Greece, Cyprus and Egypt
    Photo via @PrimeministerGr

    PoliticsForeign Policy

    process on the Syrian crisis, while also expressing “serious concerns over the situation in Libya.” The instability in Libya and the presence of jihadists there was highlight by the Egyptian president

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  8. Ankara tension tops govt agenda, overshadowing social dividend and primary residences
    Photo by MacroPolis

    PoliticsGreek Politics

    the spat with Turkey over its signing of an agreement with Libya regarding the delimitation... is in control of all of Libya, and Prime Minister Kyriakos Mitsotakis reportedly told Turkish President

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  9. Newsletter 231 -06/12/2019

    Newsletters

    reaching an agreement with Libya last week to delineate maritime borders in the Mediterranean. Athens has labelled the deal “illegal,” arguing that Libya’s prime minister does not have the legal

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  10. In Washington, Mitsotakis stresses economic recovery, geopolitical importance as IMF departure announced
    Photo via www.primeminister.gr

    PoliticsGreek Politics

    a maritime agreement with Libya that infringes on Greece’s sovereign rights. Some commentators... with Libya is “null and void” because it ignores the exclusive economic zones of Greece’s islands, which he

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