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NBG makes profit of 20 mln in Q1, NPE stock falls again
EconomyBankingquarter last year stood at a loss of 9 million euros. Factoring in discontinued operations, profits... to the one-off impact of IFRS 9 implementation, additional restructurings and sustained deleveraging... level of 6.9 percent in 2020, including an IFRS 9 impact of 70 bps post January 2018, and Capital
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BoG sees banks on right path, warns impact of pandemic not visible yet
EconomyBankingas roughly 9 billion euros of NPEs are under protection or payment accommodation, for instance the Gefyra... and turn sour. Additionally, BoG notes that 40 pct of NPEs and 9 pct of performing loans are forborne, always at risk of the payment settlement coming under strain. Also, according to IFRS 9, high-risk
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Mitsotakis tempers expectations for EP vote, Kasselakis talks up prospects
PoliticsGreek Politicsis on course to get upwards of 30 pct on June 9. There have been some suggestions that this would... expectations for his party’s performance on June 9. The opposition leader is currently touring the Greek... over the last few weeks are completely wrong, there is no prospect of SYRIZA winning the June 9 vote
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ND appears on track for election goal, opposition labouring
PoliticsGreek Politics. Ultranationalist Greek Solution is seen gaining 9 pct. An Alco poll for Alpha TV forecasts ND gaining between 30.5 and 34.5, SYRIZA between 14.5 and 17.5, PASOK 11.5 to 14.5 and Greek Solution 9 to 11 pct... popularity on June 9. This is a concern for Mitsotakis, who has been wary of the threat from
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Undecided voters could still decide crucial aspects of Greek elections
PoliticsGreek PoliticsUniversity’s poll for Skai TV on Monday indicated that 9 percent of Greeks have not yet chosen how...: Of 9.7% undecided voters: 22% voted ND in June 2012 9% SYRIZA 9% DIMAR 9% Ind Grks 7% PASOK 5% G Dawn
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Clearer picture emerging ahead of stress tests, banks appear confident
EconomyBankingabout the implementation of the new provisioning standards in IFRS 9. According to sources, Greek... in two months, will incorporate the TAR findings and the new IFRS 9 standards. The new accounting... realised. According to local media, Greek banks estimate the IFRS 9 standard to result
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBankingbillion in March from 9 billion in September as a result of improved deposits, particularly... to 109.6 percent also, down from 117.6 percent in 2016. IFRS 9 As part of part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. The IFRS 9
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBankingdeposits rose by 2.9 percent. IFRS 9 As part of part of the new IFRS 9 implementation Greek banks are expected to increase provisions by roughly 6 billion euros. IFRS 9 becomes effective as of 2018, but can be adopted earlier. Alpha Bank noted an IFRS 9 impact of 1.1 billion euros after tax, or 230
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingreflected net profits of 185 million euros compared to a net loss of 9 million euros in 2017. Pre... the cost of IFRS 9 implementation in the year. On a quarterly basis, the increase was driven by new... to 44.5 billion at the end of December, a rise of 9 percent YoY, with inflows of 1.8 billion since Q3
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Polls indicated support for two main parties growing as start of elections marathon looms
PoliticsGreek Politicsis dissolved so that elections can be held on April 9, prompting an ever-growing focus on what... into Mitsotakis calling elections for April 9, with the aim of a second ballot being held in mid-May... (Greeks) party will not be allowed to stand in the elections. The April 9 vote will not deliver
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