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Eurobank to merge with Grivalia Properties and create SPV to cut bad loans
EconomyBankingprogress in reaching its NPL reduction larget. The decision was made after a meeting by the bank’s... in NPL stock, along with 16.1 billion euros in NPE stock. Merger The merger is capital and earnings
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Lenders put spotlight back on pending reforms ahead of second post-MoU review
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
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Lenders deem second post-MoU review over, Athens waits for debt relief
EconomyProgrammescheme 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
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Piraeus Bank posts net profit of 14 mln in Q1 from continued operations
EconomyBankingnoted 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
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Piraeus Bank posts net profit of 20 mln in Q2 from continued operations, NPE sales step up
EconomyBankingportfolio securitisation) and Project Callaway (secured SME and corporate loans securitisation). NPL stock rose by 30 million euros in Q1 to 17.36 billion euros from 17.33 billion euros in Q1 2019. The NPL
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingmovement remained intact. NPL stock fell by around 390 million euros in Q3 to 16.97 billion euros from 17.36 billion euros in Q2 2019. The NPL ratio came to 34.1 percent from 34.2 percent in Q2. P&L
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingServices, the first NPL servicer licensed in Greece. The capital impact of the transaction... of whom have already shown an interest in the Greek NPL market and could participate
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Sharp rise in M&A activities as 2019 proves record year
EconomyFeatures, with the latter falling by 21 percent YoY to 1.44 billion euros. PWC also noted that regarding NPL sales... worth of NPL transactions were recorded. Privatisation proceeds came to 1.2 billion euros. Incoming
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBanking. NPLs on a group level stood at 14.7 billion. The group NPL ratio came to 30.1 percent, with the NPL
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Banks look for way forward as economic shutdown takes its toll
EconomyBankingof Greece’s systemic banks reported profits and solid progress on NPL and NPE reduction. As the impact... to gross receipts for NPL transactions, which are also exposed to the investment climate and the operation
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