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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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Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingthe end of October, Alpha Bank announced that it was close to completing the sale of two NPL.... As of Q2, the NPL pile came to 16.3 billion euros, leaving 2.9 billion to meet the end of year target... reduced NPL volume on the bank’s books as well as a stronger overall capital adequacy ratio
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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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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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Eurobank net profits at 56.8 mln in Q1
EconomyBankingratio stands at 15.6 percent and total provisions account for around 60 percent of NPEs in Q1. The NPL balance came to 10.8 billion euros. The NPL ratio came to 24 percent in Q1 from 23.7 percent in Q4 2019 while the NPL coverage ratio came to 67.1 percent from 68 percent in Q4. P&L NII fell by 2.1
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NBG results show net profits of 465 mln euros on strong income
EconomyBankingfrom 56 percent in Q1 2020, showing a rise of 90 bps QoQ. The domestic non-performing loan (NPL) edged down to 7.1 billion euros in Q2 from 7.5 billion euros in Q1. This led the group NPL ratio to stand at 20.9 percent. The NPL coverage ratio stood at 81.9 percent. Regarding sales, a domestic
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingpercent, while NPE coverage increased to 44.4 percent. Total coverage stands at 101.3 percent. NPL... stood at 14.7 billion, unchanged from Q1 2020. The group NPL ratio stood at 30.2 percent, down from 32.7 percent a year ago. The NPL coverage ratio stood at 64 percent, while total coverage including
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