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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking. On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due... in Q2. For the group, NPL also peaked to 26 percent in Q3 from 24.6 percent in Q2 with the coverage ratio easing to 71.8 percent in Q3. The most marked increase in NPL formation was recorded
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted...’s four systemic banks are expected to officially announce their new NPE and NPL targets
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Tempe rail crash charges reignite debate about scrupulousness of investigation
PoliticsGreek Politicsrepresentatives and employees of the contractor were charged with instigation of subsidy fraud... signalling-telecommand systems, but the contractor attempted to construct an entirely new signalling system... than the roughly 30 pct SYRIZA and PASOK gained in the summer. These numbers highlight that despite
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Piraeus Q3 trading update shows significant acceleration in NPL formation
EconomyBankingwas the significant acceleration in the non-performing loan (NPL) formation, which jumped threefold..., where NPL formation reached 327 million versus almost zero in Q2. Deposits fell 0.7 percent quarter
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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeimpact on banks’ liquidity and macroeconomic stability. A secondary NPL market is regarded as being... 22 billion euros in the NPL reduction effort. The sMoU builds on the already established process
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingstock on its balance sheets with the total currently standing at 26.1 billion. NPL stock stood... in the first half of next year. Another two NPL securitisations are in the works with a value of 1
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Greek train firm TRAINOSE attracts just one bid, no interest in rolling stock
Economyin 2005 as a subsidiary of the Greek railway company (OSE), which was founded in 1970 and is wholly owned... binding offer was submitted for the sale of 100 percent stake in TRAINOSE (operation and management... Italiane, which also submitted a binding offer on Wednesday, the open joint-stock company Russian Railways
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Alpha, Eurobank sign agreement with KKR for management of NPLs
EconomyBankingGreek corporates into a platform managed by Pillarstone. The non-performing loan (NPL) portfolio... could soon sign similar agreements with KKR for the management of part of their NPL portfolios... in a notable rise in the NPL coverage ratio from 58.8 percent in 2014 to 68.1 percent in 2015. However
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NPLs: The Achilles heel of the Greek banking system
Agoraa significant discrepancy in the BoG numbers. According to the Commission, the consumer credit NPL ratio... a rise of 4.7 pp year on year. Compared to the Bank of Greece numbers, the lower NPL ratios... the same speech, the BoG governor also disclosed the NPL figures in absolute numbers for the first time
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Newsletter 409 - 26/01/2024
. This is due to the winding down of the Next Generation EU funding that plays a pivotal role.... Interior Minister Niki Kerameus stunned the opposition parties this week when she introduced a last
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