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Newsletter 120 - 26/05/2017
with funding later. Figures reveal national pension profiles NPL formation turns positive while SMEs.... The release of three core banks’ first-quarter (Q1) results revealed that non-performing loan (NPL... programme review. Despite negative NPL movement, NPE and NPL stocks were reduced, largely due to write
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NBG reports net losses in Q2, NPEs down for fifth straight quarter
EconomyBanking-performing loan (NPL) formation turned negative (-52 million) in Q2 from a positive figure of 137... in mortgages (25 million) and small business loans (17 million). As a result, the group NPL ratio marginally improved to 33.8 percent in Q2 from 33.9 percent in Q1, while the NPL coverage ratio stayed flat
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Alpha Bank posts net profits of 53 mln in 2018
EconomyBankingwere reduced by 2 billion euros. By segment, NPL formation in the retail segment fell by 255 million... seen in consumer loans. At the end of December 2018, the NPL ratio for Greece stood at 32.4 percent and at 33.5 percent on a group level. The business, mortgages and consumer NPL ratio for the bank stood
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H1 bank results show performance stabilising, laying ground for further improvement
EconomyBankingbalance sheets with the total currently standing at 26.1 billion. NPL stock stood at 17.36 billion... and NPL stocks of 11.1 billion. NBG currently has the smallest amount of bad loans on its books, with the bank reporting that domestic NPE stock stood at 12.9 billion and NPL stock came to 9.1
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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingbillion. NPL stock stood at 17.36 billion. Piraeus was the only bank in H1 to report that NPLs had... euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1 billion. NBG currently has... at 12.9 billion and NPL stock came to 9.1 billion in the first half of the year. Sales totalling 14.5
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingcame to 54.8 percent from 56 percent. At the same time, the domestic non-performing loan (NPL) dropped by 1.1 billion euros and stood at 8 billion. This led the group NPL ratio to stand at 24.4 percent. The NPL coverage ratio stood at 76.6 percent. The bank has set a target for NPLs to stand
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Greek banks eye positive market appetite for bad loan sales
EconomyBankingstrategies, resulting in an NPL and NPE ratio of less than 5 percent and 10 percent respectively in the bank... systemic banks have agreed with the ECB/SSM to reduce their NPL ratios below 20 percent. However, even after achieving this Stournaras noted that the NPL ratio in Greece will be five times higher than
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University bill threatens PASOK consensus as probes launched into alleged infractions by politicians
PoliticsGreek Politicsinvestigation in the Interior Ministry, which is the suspected source of the data leak, while on Tuesday.... The Interior Ministry has denied that it provides voters’ contact information, while the chief...’s EP elections, but also because the suspicions of a data leak emerged within days of the Interior
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Deposits up again in December but credit contraction continues apace
EconomyMacroeconomyand profitability is the evolution of Greek banks’ non-performing loan (NPL) ratio, which jumped to 29.3.... Although the NPL formation shows a decelerating trend thereafter, the absolute figure is set to continue increasing. According to bank sources, NPL ratio rose close to 32 percent at the end of December
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National Bank starts 2014 posting net profit of 181 mln in Q1
EconomyBanking-performing loan (NPL) ratio rose by 50 bps QoQ to 23 percent with the rate of the Greek NPL accelerating to 100 bps in Q1 from 30bps in Q4. Management noted that a similar trend is also evident in Q2. NPL
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