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Signs of optimism in Greek banks' Q2 results but NPL challenge lies ahead
Agoraissue of asset quality, Piraeus recorded a negative non-performing loan (NPL) formation for the second straight month, Eurobank’s figure turned negative for the first time, while NBG posted marginal NPL formation of just 2 million euros in Q2. Overall, the four banks recorded a negative NPL formation
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Greek banks' NPL selloff gathers speed
EconomyBankingto provide viable domestic financing, something that the enormous NPL pile of over 100 billion euros... have their own NPL portfolio sales in the works, which have attracted strong interest. Alpha Bank... of the portfolio has been undertaken by CEPAL Hellas Financial Services, which is the the first NPL
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Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation
Economyhas currently an ELA cash buffer in excess of 4 billion. The non-performing loan (NPL) ratio rose..., though, that the NPL formation more than halved to 111 million in Q2 from 264 million in Q1, while... to 31.8 billion on September 24. The NPL ratio rose to 34.3 percent in Q2 from 34 percent in Q1
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NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
EconomyBanking-performing loan (NPL) ratio rose to 24.6 percent in Q2 from 24.3 percent in Q1, while the Greek ratio showed a slower increase QoQ to 32.1 percent. Note though that the NPL formation considerably... to 41 million euros. In the domestic market, housing loans showed a material improvement in the NPL
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Italian support over Libya buoys Athens as it looks to build broad East Med alliance
PoliticsForeign PolicyJurisdictions Memorandum that Turkey signed last November with the UN-backed government in Libya... signed by Libya and Turkey on the delimitation of the continental shelf is unacceptable, infringes... on the issue of Libya. Government spokesman Stelios Petsas confirmed on Tuesday press reports that Greece
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Compromise emerges on liberalisation of NPL market
EconomyProgrammein order to reach an agreement on the NPL issue as a whole. The institutions clearly favoured a full...-December. Other measures that are associated to the NPL issue include the monitoring of key performance indicators (KPIs) related to banks’ NPL resolution activities, tax issues related to write-offs
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Encouraging signs for Greek banks in Q1 results but NPL management looms large
Agoraquality On the asset quality front, the non-performing loan (NPL) formation significantly slowed... and small business loans. At the end of March, the four core banks’ NPL stock eased to 84.7 billion... stood at 49.2 percent from 50 percent in Q4. Most banks aim to reduce both their NPL and NPE stocks
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Liquidity and NPL resolution feature prominently in draft deal between Greece and lenders
EconomyProgramme. The BoG will also have to decide on at least five applications for NPL servicing licences... remaining non-regulatory impediments for the development of a dynamic NPL markets. Those actions... summary report on the developments regarding Greek banks’ NPL strategies and targets. BoG has
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Bank recap and NPL management create conundrum in bailout talks
Economydiscussed with lenders is also the creation of a bad bank or an NPL asset management company (AMC... guarantee. The institutions are reportedly proposing any decision on NPL management be delayed until... favour the active NPL management within each bank, the NPL sale to distress funds or the NPL
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Greek banks meet NPE and NPL reduction targets in Q4 2016, mostly on write-offs
EconomyBankingGreek banks met their non-performing exposure (NPE) and non-performing loan (NPL) reduction targets... was reduced to 104.8 billion, a billion lower than target of 105.8 billion, while the NPL pile stood... to a target of 50.5 percent, while the NPL ratio landed at 36.2 percent against a target of 36.4 percent
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