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BoG sees ample capital space for banks to sell bad loans
EconomyBankingagainst what proportion of the stock in scope is sold, ranging from 25 percent to full sale, 100 percent..., in scenarios 2 and 3, Greek lenders can sell more than 75 percent of portfolios in scope, i.e. 27.1... that the total coverage ratios of provisions and collaterals exceed 100 percent and that almost 79 percent
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Greek banks' NPL selloff gathers speed
EconomyBankingto provide viable domestic financing, something that the enormous NPL pile of over 100 billion euros... balance comes to 3.7 billion euros, and a total outstanding principal amount is 2 billion euros... million in Q2, and landed at 26.8 billion, beating the target for the month by around 100 million euros
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBanking, and will lead to the bank’s NPE ratio falling by more than 100 basis points. Upon completion... position in Greek non-performing credit, a market with circa 100 billion euros of NPEs”, said Alon... or into early 2019, a collateralised portfolio of NPLs from small and medium sized businesses worth 2
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Alpha Bank makes loss of 52.9 mln in Q2, reaching profit of 12.3 mln in H1
EconomyBankingof non-performing loans (NPLs) came to 16.5 billion euros in Q2, increasing by 100 million QoQ... into costlier management actions, according to the bank. Balance Sheet Eurosystem funding fell by 2 billion... reliance at 3.1 billion euros. As at the end of August, ECB funding reliance was down by around 100 million
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingbillion euros. Exits came to around 640 million and write-offs to 100 million. This was offset..., with the NPE cash coverage ratio standing at 47 percent, and total NPE coverage at over 100 percent... asset impact (-4 bps) and other activities (-2 bps) along with period results (+8 bps). The bank
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NBG reports net profits of 131 mln in Q1, accelerating profitability
EconomyBankingformation of 300 million and write-offs of 100 million. Overall, the domestic NPE stock came to 14.3... from 378 bps in Q4. Net fee income fell by 11 percent QoQ to 59 million and showing a decline of 2.... Loan impairments in Greece came to 100 million in Q1 versus 59 million in Q4, corresponding to a cost
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Eurosystem funding rises by 84 mln in Apr, ELA eliminated
EconomyMacroeconomybillion for a fourth consecutive month. April’s figure reflected a rise of 100 million euros in European... of its regular ELA-ceiling bulletin as the level had fallen below 2 billion euros. In March... funding made up 100 percent of all funding, having overtaken ELA funding as the main component in April
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBanking-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code-named Project Pillar by Eurobank. The bank will retain 100 percent of the senior notes... percent of mezzanine and junior notes, with the remaining 5 percent held by Alpha Bank, along with 100
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Greece tugged down in WEF competitiveness ranking by financial system, institutions
EconomyFeaturesfrom 0 to 100. Under this system, Greece’s overall score out of 100 was 62.6 percent compared to 62.1... with an overall rank of 37. Within this category, Greece ranked at number 2 for electricity access
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingloans (NPLs) in Greece came to 12.2 billion euros in Q4, up by around 100 million QoQ compared to 12.1... expenses rose by 4.3 percent QoQ to 278 million, declining by 2 percent YoY to stand at 1.07 billion... percent, down from 100 percent at the end of Q3. For Greece, the ratio fell to 98 percent from 101
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