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European Commission review of Greek programme: The key points
EconomyProgrammespecific timetable. Banks Greek banks’ non-performing loans (NPL) continue to rise, yet the rate of new delinquencies has moderated. The NPL ratio jumped to 33.1 percent at the end of December from 25.5... to monitor banks’ progress in reducing their large NPL. Furthermore, Greek authorities will improve
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No time for Tsipras to celebrate as long list of tasks means pressure is on from start
EconomyProgramme) and an assessment of banks’ capacity to deal with each NPL segment. Moreover, a working group... to accelerate NPL resolution, also including removal of unnecessary legal or other impediments to NPL servicing and disposal. In November, the government is also due to: 1) Strengthen
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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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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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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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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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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingcame to 53.4 percent from 59.2 percent. At the same time, the domestic non-performing loan (NPL) dropped by 600 million euros and stood at 7.5 billion. This led the group NPL ratio to stand at 21.7 percent. The NPL coverage ratio stood at 76.8 percent. Regarding NPL sales, the bank highlighted upcoming
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Alpha Bank Q3 results reflect net profits of 43.8 mln
EconomyBankingcoverage increased to 44.8 percent. Total coverage stands at 101.7 percent. NPL balances in Greece... billion, unchanged from Q2 2020. The group NPL ratio stood at 30 percent. The NPL coverage ratio stood... of the transaction. After the Galaxy transaction, Alpha Bank’s NPL ratio in Greece will be down to 13
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New Year reshuffle brings more MPs into cabinet, keeps key ministers in post
PoliticsGreek Politicsthe deputy agriculture minister. Interior Minister Takis Thedorikakos has also been left out of the new... Petsas has been appointed Alternate Interior Minister, to be replaced by Christos Tarantilis... to the right” and “a party-political balancing act”. The elevation to the Interior Ministry of Makis Voridis
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Budget primary surplus at 3.16 bln in December, missing target for full year by 443 mln
EconomyMacroeconomybillion euros and was below target by 611 million. Net revenues came to 50.96 billion euros, under... expenditure came to 44.20 billion, below target by 611 million euros. Interest payments declined YoY
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