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Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV
EconomyBankingA major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had... will be the largest NPL management company in Greece. In their recently released first quarter (Q1... is on target to meet its 2019 NPE reduction target of 3.5 billion. The NPL stock edged down slightly by 70
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NBG reports net profits of 122 mln in Q2, highlights successful bond sale
EconomyBanking, with NPE coverage standing at 55.7 percent. At the same time, domestic non-performing loan (NPL) formation dropped by 1.1 billion in Q2 to bring NPL stock to 9.1 billion. This led the group NPL ratio to stand at 26.4 percent. The NPL coverage ratio stood at 77.4 percent. Regarding NPL sales, the bank
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingbillion euros. By segment, NPL formation in the wholesale segment increased by 110 million euros... securitisation, NPL formation in the wholesale segment will drop by 1.64 billion euros and by a further 57 million euros in the retail segment. Within retail NPL formation declined in all three sectors
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Newsletter 193 -08/02/2018
fall flat in blow to privatisations Arrears miss target, new NPL reduction plans in the works... received one binding offer for the Melitis unit in Florina from Mytilineos which was reporte five times... in a binding offer for either unit after deciding that the structure of the deal and the share purchase
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ECB's negative opinion on foreclosure bill creates another obstacle in bailout talks
EconomyProgramme. According to the ECB, effective NPL resolution is of utmost importance for the recovery of the domestic... is not binding for the Greek government but suggests that this is another issue that could become
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The ins and outs of the Greek bank recapitalisation process
Economy), with bank sources indicating a relatively moderate NPL formation over the summer despite the imposition..., since they are not as severe as previously feared, yet it is not clear whether the binding scenario
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Newsletter 118 - 12/05/2017
, respectively. Omnibus bill due in Parliament Agreement pending on giving bankers immunity for NPL..., Tzanakopoulos described the court as issuing a “non-binding opinion” rather than a “ruling”. He also said
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Banks end year with continued bad loan sales
EconomyBankingfrom their March 2016 peak. The NPL-to-total loan ratio remained high in September 2020 at 35.8... of December that the bank and Intrum had signed a binding agreement for the sale of 30 percent
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Newsletter 20 - 20/03/2015
. In such a case, domestic economic activity could rebound and the NPL ratio peak by the end of 2015 or early 2016... days. An important finding disclosed by the banks was the deposit outflow characteristics from
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Newsletter 69 - 08/04/2016
-performing loan (NPL) market. Following Thursday’s meetings, the Finance Ministry released a non-paper... is the biggest gain for the Greek government, which is finding it increasingly difficult to deal
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