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Greek banks push for return to normality
EconomyBankingof the year, Greek banks had achieved their NPL reduction targets. Compared to the March 2016 peak, NPEs... of 93.6 billion. NPL stock came to 63.9 billion, landing exactly on target for the quarter...) in September, Greek banks will step up portfolio sale activity and other NPL reduction methods, reducing
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingof 16.5 million in Q2. Since September 2017, NPL stock has declined by 3.6 billion. By segment, NPL... 2018, the NPL ratio for Greece stood at 32.9 percent and at 34.1 percent on a group level. The business, mortgages and consumer NPL ratio for the bank stood at 31.8 percent, 37.5 percent and 34.5
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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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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingtime, domestic non-performing loan (NPL) formation dropped by a substantial 794 million euros compared... (-29 million euros) and consumer loans (-1 million). This led the group NPL ratio to stand at 28.2 percent. The NPL coverage ratio inched up to 80.7 percent. Regarding NPL sales, the bank highlighted
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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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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingbillion. NPL stock stood at 17.36 billion. This was followed by Alpha Bank with NPEs of 21.3 billion and NPLs of 13.9 billion euros. Eurobank had NPE stocks of 14.9 billion and NPL stocks of 11.1... that domestic NPE stock stood at 12.9 billion and NPL stock came to 9.1 billion in the first half
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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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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking’s licensed NPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs... between 2018 and 2021. The NPL balance came to 11.1 billion euros. The NPL ratio came to 25 percent from 25.9 percent in Q2 while the NPL coverage ratio edged down to 68 percent. Eurobank noted
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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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