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NBG records net profits of 73 mln in Q4, turns profitable for whole year
EconomyBanking, while the group’s figures 43.6 and 55.9 percent respectively. The non-performing loan (NPL) formation... figure of 42 million. Therefore, the NPL ratio fell to 32.9 percent in Q4 from 34.3 percent in Q3... in the previous quarter. Moreover, the NPL coverage ratio rose to 74.3 percent in Q4, remaining
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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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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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Eurobank net profits at 6 mln in Q2 amid increasing securitisations
EconomyBankingat the end of 2019. NPL formation dropped by 1.7 billion in Q2, marking a fifth consecutive quarter of declines, bringing the total to 11.1 billion euros. The NPL ratio came to 25.9 percent from 29 percent in Q1 while the NPL coverage ratio edged down to 69.1 percent. Eurobank noted that it currently has
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Eurobank net profits at 256.7 mln in 2019
EconomyBankingthe first quarter of 2020. The NPL balance came to 10.5 billion euros. The NPL ratio came to 23.7 percent in 2019 from 29.3 percent in 2018 while the NPL coverage ratio landed at 68 percent
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