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  1. Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
    Photo by MacroPolis

    EconomyBanking

    at 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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  2. 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

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  3. 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

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  4. 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

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  5. 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

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  6. NBG reports net profits of 122 mln in Q2, highlights successful bond sale
    Image via www.nbg.gr

    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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  7. 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

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  8. Newsletter 40 - 28/08/2015

    Newsletters

    (NPLs), with bank sources indicating a relatively moderate NPL formation over the summer despite... if they are elected to Parliament) finding common ground, they would also need to pinpoint a suitable... the binding scenario for the calculation of capital needs will be based on the baseline or the adverse

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  9. Newsletter 193 -08/02/2018

    Newsletters

    fall flat in blow to privatisations Arrears miss target, new NPL reduction plans in the works... received one binding offer for the Melitis unit in Florina from Mytilineos which was reporte five times... in a binding offer for either unit after deciding that the structure of the deal and the share purchase

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  10. ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks

    EconomyProgramme

    . According to the ECB, effective NPL resolution is of utmost importance for the recovery of the domestic... is not binding for the Greek government but suggests that this is another issue that could become

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