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Management of NPLs to test gov't in negotiations with lenders
Economyto reach an accord with the institutions on a non-performing loan (NPL) strategy. This is among... for non-bank NPL service providers and for loans to be transferred from the beginning of 2016... of the first programme review. Among the other topics including in the NPL prior actions, we highlight: 1
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Deadline for liberalisation of household and SME NPLs looms closer
Economyprogramme review is the full liberalisation of the non-performing loan (NPL) market. Although... for the disbursement of the last sub-tranche of 1 billion euros. Until February 15 only NPL sales of large... and regulation of non-bank NPL services providers. These entities must be based in Greece or in the EU
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Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
EconomyBankingloan (NPL) ratio edged up to 35.2 percent in Q4 from 35 percent in Q3 with the NPL formation... NPL formation notably fell, while that for mortgages remained stable QoQ. The NPL coverage ratio was kept almost unchanged at 64.8 percent. The management noted that the NPL formation in the first two
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Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
EconomyBanking, while 0.3 billion stem from the coverage increase. The non-performing loan (NPL) ratio edged up.... The NPL formation more than halved to 214 million in Q4 from 520 million in Q3. At the same time, the NPL coverage ratio was further upped to 69 percent in Q4 from 67 percent in Q3 and remains
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Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
EconomyBankingthe asset quality, with the non-performing loan (NPL) formation markedly reduced to 80 million in Q4... portfolios. In contrast, business loan NPL formation rose to 222 million in Q4 from 174 million in Q3 largely due to a large ticket of 140 million in Q4. NPLs As a result, the NPL ratio fell to 39.5
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking. Bad loans On the asset quality front, Piraeus reported a negative non-performing loan (NPL) formation... for the third successive quarter. Specifically, NPL formation stood at -207 million in Q2 and also... NPL formation of 245 million. The breakdown showed all lending segments had a negative contribution
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBanking-performing loan (NPL) formation for the third successive quarter with Q3 figure at -335 million euros...) and to a lesser extent to mortgages (-41 million), while consumer credit posted a slightly positive NPL formation of 5 million. NPLs As a result, the NPL ratio edged down for the second consecutive quarter
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Eurobank records net profits of 85 mln in Q3, updates on NPE reduction targets
EconomyBanking-performing loan (NPL) formation for the second successive quarter of -28 million in Q3 from -16 million in Q2. In Greece, the negative NPL formation stood at -17 million in Q3 and reflected a negative... to loan deleveraging, the NPL ratio edged up to 34.8 percent in Q3 from 34.7 percent in Q2
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking, also staying negative for a fifth quarter, while in consumer loans, NPE formation was -5 million. NPL... formation of 26 million in Q3. The NPL stock was reduced by around 1.2 billion QoQ to 15.8 billion with the NPL ratio slipping to 33.2 percent in Q4 from 35.2 percent in Q3. The NPL coverage ratio edged
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingin consumer loans. After declining in Q4 by 153 million, NPL formation rose in Q1 to stand at 30 million, split between 18 million in Greece and 12 million in the international market. The NPL stock edged down by 200 million QoQ to 15.6 billion, with the NPL ratio coming to 33.2 percent from 33.4
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