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  1. Banks meet NPE targets in Q1 but mortgage reductions remain slow

    EconomyMacroeconomy

    of 93.6 billion. NPL stock came to 63.9 billion, landing exactly on target for the quarter... of the estimated NPE and NPL reduction is back-loaded and is expected to be implemented this year

    6%
  2. Lenders set out post-MoU reform tasks ahead for Athens
    Photo by MacroPolis

    EconomyProgramme

    framework that will allow banks to reduce their NPL exposure such as the household and corporate insolvency law, out-of-court workout, NPL sales and e-auctions. Greece also commits to implementing

    6%
  3. Piraeus enters agreement for sale of 2.2 bln loan portfolio
    Image via www.piraeusbankgroup.com

    EconomyBanking

    combined NPE and NPL stock to stand at 25.9 billion by the end of the year, and to fall further... (QoQ) to 92.4 billion, 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9

    6%
  4. IMF flags up weak growth, long-term debt sustainability and reform pledges in Article IV report
    Photo via Flickr https://flic.kr/p/7BWNey

    EconomyProgramme

    system should remain as banks continue to reduce their high stock of non-performing loans (NPL) and the executive board urges banks to pursue even more ambitious NPL reduction targets, take full

    6%
  5. No final word on pension cuts as lenders prepare for return to Athens next week
    Photo by TP via Flickr https://flic.kr/p/5WRaRc

    EconomyProgramme

    priority.” “The performance of Greek banks has so far been broadly in line with their approved NPL targets, as shown in the Bank of Greece’s quarterly NPL monitoring reports,” he said. “However

    6%
  6. Falling bank shares prompt coalition to take closer look
    Photo by Panayotis Tzamaros/Fosphotos

    PoliticsGreek Politics

    , by 2021. While the more aggressive approach to NPL reduction is seen as positive move, it has also... capital adequacy levels, they beat their NPL reduction targets in the first half of the year, deposits

    6%
  7. Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyBanking

    over the last few days with the ECB’s Single Supervisory Mechanism (SSM) to agree the new NPL... around 50 percent, by 2021. While the more aggressive approach to NPL reduction is seen as a positive

    6%
  8. Lenders put spotlight back on pending reforms ahead of second post-MoU review
    Photo by Andrea Bonetti/Fosphotos

    EconomyProgramme

    ) will ensure NPL reduction continues without any problems and, finally, the completion of key privatisations... of the banking system, including NPL resolution efforts by ensuring the continued effectiveness

    6%
  9. Lenders deem second post-MoU review over, Athens waits for debt relief
    Photo by MacroPolis

    EconomyProgramme

    scheme in the wider context of the resolution framework of non-performing loans (NPL). The new... scope of NPL reduction, the Greek authorities have provided an updated target of clearing the entire

    6%
  10. Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
    Photo by MacroPolis

    EconomyBanking

    noted that the bank is on target to meet its 2019 NPE reduction target of 3.5 billion. NPL stock edged..., showing a decline of 3.15 billion euros YoY. The NPL ratio edged down to 33.6 percent in Q1 from 33.8

    6%