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BoG provides details of ambitious plans to slash NPLs via SPV
EconomyBankingwill be transferred net of loss provisions at book value. The amount of the deferred tax asset... banks will maintain double-digit capital adequacy ratios. These estimates have not taken into account
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Delta variant shifts goalposts for tourism season and vaccinations
PoliticsGreek Politicsto book their second shots in order to better protect against the virus and the Delta variant... is already giving cause for concern. The Tourism Ministry estimates that Greece has only received 1
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Opposition to vaccines hardens, revealing deep rift in public attitudes
PoliticsGreek Politicsphotograph showed a demonstrator holding aloft a book with the photograph of Greece’s late dictator... vaccination mandated by emergency rules. Police estimates that around 7,500 demonstrators gathered
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Piraeus eyes major NPE deal as banks remain focused on bad loans
EconomyMacroeconomywill be transferred net of loss provisions at book value. The amount of the deferred tax asset... the two contenders, submitted non-binding bids which are being evaluated by Piraeus Bank. The preferred... to be dealt with in tranches by the winning bidder, while at the same time manifesting positively
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingUBB’s book value and is estimated to increase NBG’s Q3 pro-forma common equity Tier 1 (CET1) ratio
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingpercent. The bank’s tangible book value edged down to 7.6 billion in Q4, while eligible deferred tax..., aggressive cost management and lower cost of risk, while foreign asset disposals are estimated to have
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Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
EconomyBanking. The impact on the bank’s tangible book value is estimated at around 800 million, after tax, while
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Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
EconomyBanking(-12 bps). The bank noted that their tangible book value stood at 9.2 billion euros, which remains... bps of capital, which is lower than industry analysts had estimated. In anticipation, accumulated
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingis equal to 47.6 percent of the combined loan book of the banks, staggeringly high compared to the EU... is estimated between 45 to 50,000. Legal experts have pointed out that banking checks
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingof Greece’s first loan portfolio securitised against mortgages, with a gross book value of about 2... have around 36,000 properties as collateral with the commercial value estimated at around 2.9
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