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BoG revises GDP forecast, stresses debt restructuring and reforms in monetary policy report
EconomyMacroeconomy, along with amendments to the institutional framework governing NPL management companies, which... that going forward banks needed to increase efforts to achieve their operational NPL targets... to reduce NPL stock, the slight fall in non-performing exposures (NPEs) and the plans to ease capital
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Banks meet NPE reduction targets in Q3, adjust targets for next two years
EconomyMacroeconomy-on-quarter (QoQ) to 99.1 billion, which is 796 million lower than the target of 99.9 billion. NPL stock... is significantly more ambitious than the previous one, which came to 72.8 billion euros, with the NPL ratio adjusted to 21.1 percent from a previous target of 36.1 percent. Most of the estimated NPE and NPL
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Lenders set ambitious e-auction targets for Athens
EconomyProgramme. At the start of the 2009 crisis, when the NPL ratio was still a single-digit figure, 58,849... (NPL) through liquidations has risen to 13.5 billion euros by the end of 2019. This represents 30 percent of the operational NPL reduction target. For 2018, banks are planning to auction around 10,000
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking, NPL stock has declined by 5.7 billion. It was also noted that in line with targets, the parent NPE... billions euros by 2020, and the NPL balance to under 10 billion euros. Post-stress tests sales After... of an NPL portfolio totalling 3 billion euros, consisting of 50 percent new and 50 percent rolled over
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APS option to help banks with bad loans seen gaining ground
EconomyBankingwere in contact with the ECB’s Single Supervisory Mechanism (SSM) to agree the new NPL reduction... as although the more aggressive approach to NPL reduction is seen as a positive move, it made the banks... at solutions that would help Greek banks meet the NPL-reduction targets while at the same time complying
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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingthe end of October, Alpha Bank announced that it was close to completing the sale of two NPL.... As of Q2, the NPL pile came to 16.3 billion euros, leaving 2.9 billion to meet the end of year target... reduced NPL volume on the bank’s books as well as a stronger overall capital adequacy ratio
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Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
EconomyBankingin business loans and 2 million in consumer loans, which offset a rise of 31 million in mortgages. NPL stock edged down to 17.1 billion from 17.8 billion in Q2, while the NPL ratio increased slightly to 33.5 percent from 33.1 percent in the previous quarter. The NPL coverage ratio stood at 79 percent
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Piraeus Bank posts net profit of 185 mln in 2018
EconomyBankingformations in mortgages (-63 million) and consumer loans (-21 million). NPL stock came to 17.4 billion in Q4, while the NPL ratio increased slightly to 33.8 percent from 33.5 percent in the previous quarter. The NPL coverage ratio stood at 77 percent from 79 percent previously. Piraeus Bank recently
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Newsletter 206 -17/05/2019
examined include NPL reduction targets, as well as the new framework for the protection of primary residences. As banks put sales rather than write-offs at the forefront of their NPL reduction... NPL reductions. Despite the pressure from the lenders, the government has retained the original
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BoG report highlights economic challenges, proposes way forward
Economywas achieved mostly by write-offs and not active NPL management. BoG also raises a concern over... of 20 percent of NPL ratio by the end of 2021. The bank reiterates that this pace of reduction... by investment.” The drastic reduction of the NPL problem based on the BoG and finance ministry’s
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