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Eurobank’s NPL sales take major step with two transactions
EconomyBankinglicensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns FPS fully
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Eurobank first to tackle NPL reduction via APS
EconomyBankingNPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs. Both entities
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The race to reduce Greece's bad loans
EconomyBankingsales. In order to be on track, the target for banks by the end of 2019 is 35 percent. Action..., 1.3 billion lower than the target of 93.6 billion. NPL stock came to 63.9 billion, landing exactly... euros) and NPE sales (-3.5 billion euros). Piraeus Bank expects combined NPE and NPL stock to stand
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Eurobank net profits at 34.5 mln in Q1
EconomyBankingin consumer loans. After declining in Q4 by 153 million, NPL formation rose in Q1 to stand at 30 million, split between 18 million in Greece and 12 million in the international market. The NPL stock edged down by 200 million QoQ to 15.6 billion, with the NPL ratio coming to 33.2 percent from 33.4
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Eurobank sees net profits of 1.1 mln in Q2, NPEs continue to fall
EconomyBankingoutstanding in order for the bank to reach its full year NPE reduction target of 15.6 billion. The NPE ratio... euros and remained negative for a seventh quarter. NPL formation fell in Q2 by 77 million euros... of 4 million in the international market. The NPL stock edged down by 400 million QoQ to 15.2 billion
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Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBankingmillion outstanding in order for the bank to reach its full year NPE reduction target of 15.6 billion... in consumer loans. NPL formation fell in Q2 by 31 million euros, consisting of a decline of 36 million euros.... The NPL stock edged down by 1.2 billion QoQ to 14 billion, with the NPL ratio coming to 30.9 percent
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BoG sees encouraging signs for Greek economy but warns on reforms
Economyshould be maintained and strengthened, according to the BoG, in order to eliminate uncertainties... in order to achieve a modern state offering high-quality services without getting in the way of business... targets. On the prospects of the domestic economy the BoG concludes: “In order to avert risks
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Newsletter 273 -13/11/2020
related to the coronavirus, with another 310 patients intubated around the country. The number of new.... Moody's upgrades Greece to 'Ba3' Bridge scheme activated as banks look to avoid second-wave NPL increase
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Parties locked in tug of war over troubled universities
Societyon campus plays neatly into New Democracy’s “law and order” agenda, and so it is no surprise to hear
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This is the government's strategy on banks and NPLs as part of third bailout
Economyto modify last year’s law regarding state guarantees for deferred tax assets (DTA) in order to minimize... On the NPL front, the authorities will prepare a reliable strategy for dealing with NPLs aiming... on the segmentation of NPLs in banks’ balance sheets and the evaluation of their ability to address each NPL category
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