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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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FM rallies opposition to Turkey-Libya deal as Athens prepares for EastMed signing
PoliticsForeign Policyfrom Ankara’s side, especially following the signing of two memoranda with Libya. In this context... announcement said that talks centred on the situation in Libya and prospects of ending the civil
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Greece, Turkey launch new round of talks as Libya sea deal casts shadow
PoliticsForeign PolicyForeign Minister Nikos Dendias is due in Brussels on Monday to attend the General Affairs Council which will focus, among other things, on the ongoing developments in Libya. According to media... in Libya on November 29, 2019. The inclusion of the memorandum’s sea zone maps in the UN's database
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Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct
EconomyBankingpressure in the future once the draft law on SBL NPL settlement is passed. Operating expenses eased... gross loans. The non-performing loan (NPL) ratio remained flat QoQ at 33.6 percent with consumer credit NPL at 41.3 percent, corporate at 34.3 percent and mortgages at 29.7 percent. NPL formation dropped
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Eurobank sells NPL package in attempt to reduce bad debt pile
EconomyBankingof retail NPEs have already been assigned to CEPAL, the first NPL servicer licensed in Greece, while... aims to reduce its parent NPE and NPL stock by 12.3 and 11.6 billion respectively until December 2019... loans with property collaterals. National Bank of Greece has a decent NPL profile with a ratio of 37.3
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Hercules NPL reduction scheme receives first application from Eurobank
EconomyBankingreduction of the existing NPL stock was now of utmost importance. Among the country’s other banks, Alpha... loans. Greece’s four 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
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NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
EconomyBanking. On the asset quality front, the Greek non-performing loan (NPL) ratio picked up in July due... in Q2. For the group, NPL also peaked to 26 percent in Q3 from 24.6 percent in Q2 with the coverage ratio easing to 71.8 percent in Q3. The most marked increase in NPL formation was recorded
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Mortgage loans a key piece of NPL reduction puzzle
EconomyBankingthat in the second quarter (Q2) of the year, Greece’s four systemic banks had met their NPL reduction... to be formally submitted for NPL reduction targets between 2019-2021, a separate category has been... end up with banks. But to meet NPL reduction targets, the spectre of stepping up property auctions
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Banks submit new NPL targets to SSM, with sales leading way in reduction drive
EconomyBanking) of the year, Greece’s four systemic banks had met their NPL reduction targets. Excluding off-balance... that sales had overtaken write-offs as the main method of NPL reduction. Other factors It has been noted...’s four systemic banks are expected to officially announce their new NPE and NPL targets
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Newsletter 187 -14/12/2018
framework for protection of primary residences (i.e. the successor to the Katseli law) will ensure NPL.... November’s figure was driven by a drop of 859 million in Emergency Liquidity Assistance (ELA) funding
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