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Government makes last-minute change to main homes bill in bid to satisfy creditors
EconomyProgrammebetween Athens and the institutions over the NPL issue. The official suggested that there is still time
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Piraeus Bank issues Tier II bond to strong demand
EconomyBankingpurpose vehicle. The end result will be the largest NPL management company in Greece. Intrum and Piraeus
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Mitsotakis, ND officials rebuff suggestion of credit line
PoliticsGreek PoliticsMitsotakis would seek to use part of these funds to back an NPL-reduction plan for Greek banks. He said
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Alpha Bank posts net profits of 59.4 mln in Q2, NPE sales worth 3.7 bln planned for remainder of year
EconomyBanking, lower rent expenses and reduced NPL remedial management costs and third-party fees. Costs
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Athens looks to overcome APS snags as it awaits green light from Brussels
EconomyBankingand the eurozone, he did not comment publicly on the government’s efforts to tackle the NPL challenge
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Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019
EconomyBankingProtection Scheme (“HAPS”) to further derisk the bank’s balance sheet. NPL stock came to 16.8 billion euros
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingextended to non-NPL customers. All of the bank’s business customers had been contacted to assess impact
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingworth 2 billion euros. In addition to NPL activity, NBG also issued a 500 million euro Green senior
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Parties clash ahead of budget vote, govt looks to ease holiday lockdown for churches
PoliticsGreek Politicsthe government’s plans for the banking section, which include a target to reduce NPL ratios to single digits
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Banks end year with continued bad loan sales
EconomyBankingfrom their March 2016 peak. The NPL-to-total loan ratio remained high in September 2020 at 35.8
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