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Bank credit eases 1.6 pct in August on slightly accelerating negative flow
EconomyMacroeconomyturned slightly negative (-0.2 percent) in August from zero in July with the outstanding balance... institutions stayed stable at 3.1 percent for the third consecutive month. The outstanding balance eased..., while balances have decreased by more than 20 percent over this period. Consumer credit has posted
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Deposits rise to 124.6 bln in Oct on inflows of 1 bln
EconomyMacroeconomyand gg respectively. Therefore, the outstanding balance rose to 143.44 billion euros in October, which is also the highest reading since May 2015. The gg balance stood at 10.52 billion, of which 5.75... million in September, Bank of Greece (BoG) figures showed on Monday. As a result, deposit balances rose
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Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation
EconomyBankingmillion are on balance sheet and the remaining 900 million have already been written-off... (provision over net loans) of 1.9 percent from 1.94 percent in Q1 and 2 percent in H1 2016. Balance... housing and consumer loan balances by 300 and 100 million respectively in Greece mitigated by a rise
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Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
EconomyBankingmillion euros of this amount are included in the balance sheet of the current results. The management... rate environment. Balance Sheet Eurosystem funding declined by 2.7 billion euros QoQ to 11.1 billion... balances by 300 and 100 million, respectively. Business loans in Greece rose by around 300 million
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Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
EconomyBankingof its ongoing strategy to de-risk its balance sheets and reduce bad loans, Alpha Bank has a portfolio... charges on corporates and an increased collective impairment on the banks retail portfolio. Balance... by the calendar effect of 10 million euros and lower contribution from loans. Lower average loan balances
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBanking, respectively. As part of its ongoing strategy to de-risk its balance sheets and reduce bad loans, Alpha Bank... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion... to TLTRO-II, and 6 million from reduced ELA costs. On the asset side, lower average loan balances
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingwill gradually have a positive result on the cost of risk for Piraeus Bank. Balance Sheet Eurosystem funding... the repair of our balance sheet,” he said “For the full year 2018, we are dedicated to achieving... 3 which led to lower accruing balances. This was offset by deposits picking up and the reliance
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EC report notes economic imbalances and outlines remedies
Economyto external shocks. The external flow balances have substantially improved but the external position remains weak. In 2017, the current account balance recorded only a 1 percent deficit. However... the balance. Furthermore, debt measures agreed in June 2018 are expected to help Greece keep a lower
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingover net loans compared to 153 bps in Q3. Balance Sheet Eurosystem funding came to 3.2 billion... commitments and operational targets, while accelerating the repair of our balance sheet,” he said..., interbank repo balances were reduced to 1.9 billion at the end of 2018 compared to 3.3 billion in June 2018
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBanking-of-risk guidance for 2019 ranges from 160 to 180 bps over net loans. Balance Sheet Eurosystem funding... to pursue profitability, enhanced liquidity, balance sheet strengthening, and risk reduction, relying... its 4 billion euro ECB eligible covered bond pool. As a result, the interbank repo balances have
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