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NBG remains profitable in Q2 with net results of 21 mln
EconomyBankingwas unchanged QoQ at 60.2 percent. At the same time, domestic non-performing loan (NPL) formation dropped... formation in mortgages (+14 million). This brought NPL stock to 11.5 billion in Q2, leaving a reduction... NPL ratio to stand at 30.5 percent in Q2 from 31 percent in Q1. The group NPL coverage ratio came
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingand 19 million in consumer loans. NPL stock declined to 17.8 billion from 20.5 billion in Q1, while the NPL ratio declined to 33.1 percent from 35.5 percent in Q1. The NPL coverage ratio stood at 81 percent compared to 80 percent previously. In the Greek market, NPL formation fell by 722 million euros
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Banks focus on reducing NPLs linked to property
EconomyMacroeconomyNPL 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 strategy, real estate.... This week, Eurobank launched a property NPL securitisation portfolio code named ‘Pillar’. According
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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 122 - 09/06/2017
missed the non-performing loan (NPL) reduction goals for the first time. Specifically, the NPE stock... Working Group, Thomas Wieser, telling an Austrian newspaper that he believes there is a 95-percent
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Newsletter 266 -18/09/2020
, declining by 20.6 percent year-on-year (YoY). Apartment prices rise by 4.1 pct in Q2 Increase... to an index of 66.7 in Q1 2020. The rise in the nominal value of apartments in Greece came to 4.1... came to 67 compared to an index of 66.7 in Q1 2020. Old apartments, classified as over five years old
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Newsletter 288 - 12/03/2021
. Apartment prices increase 4.2 pct in 2020 Rise in Q4 slowed to 2.6 pct The latest quarter’s... of apartments in Greece came to 2.6 percent year-on-year (YoY) in the fourth quarter (Q4) of 2020 from... to an index of 67.5 in Q3 2020. Old apartments, classified as over five years old, saw their prices increase
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Moody's explains why it sees SYRIZA win as credit negative
Economyagency stresses that the negotiations with the troika will take place within this backdrop... particularly against the backdrop of looming repayments on T-Bills, to the ECB (bond redemptions) and the IMF
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