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BoG report reveals impact on banks’ capital from NPE reduction and loan sales
EconomyBankingpercent per annum from mid-2016 until the end of 2019 and a cost of risk (CoR) of 0.8 percent... scenarios assumed: a) PPI rise of 12 percent and CoR of 1.3 percent and b) PPI increase of 5.5 percent and CoR of 1.6 percent in 2016, 1.2 percent in 2017 and 0.9 percent in 2018-2019. Starting from a fully
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Alpha Bank posts net loss of 10.9 mln in Q1
EconomyBankingnoted. Due to this, the cost of risk (CoR) rose to 2.51 percent over gross loans in Q1 versus an average cost of risk of 1.97 percent in 2019. Excluding the impact of the coronavirus, CoR stood.... The bank has booked 120 million in Covid-19 provisions above underlying loan losses with Q1 2020 CoR
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBanking, corresponding to cost of risk (CoR) of 160 basis points (bps) from 172 bps in Q1, while the bank estimates CoR to land at 140 bps for the whole year. Cumulative provisions marginally fell to 17.31
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In latest review of loan quality, BoG says capital ratios to remain high after targeted NPE reduction
EconomyBankingper annum and an average cost of risk (CoR) of 1.3 percent. Under this scenario, CET1 ratio is seen... by 5.5 percent per annum and a CoR of 1.6 percent in 2016, 1.2 percent in 2017 and 0.9 percent
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NBG reports net profits of 171 mln in Q3, NPE’s fall on loan sales
EconomyBankingmillion from 100 million in Q2 (CoR of 32bps), reflecting positive house price movement. In the year to date, loan impairments amounted to 223 million (CoR at 105bps). Eurosystem funding remained at 2.3
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Alpha Bank posts net profits of 98 mln in Q2
EconomyBankingloans in H1 2020 with Covid-19 related provisions of 234 million. The cost of risk (CoR) stood at 2.6..., CoR in the second quarter stood at 1.5 percent over net loans. Other impairment losses registered
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Government tries to contain fallout from breach of voters' data
PoliticsGreek Politicsgiven the ongoing investigation into a potential data breach at the Interior Ministry. The MEP... Data Protection Authority, the Interior Ministry and a public prosecutor. It was also announced on Friday that Interior Ministry general secretary Michalis Stavrianoudakis and New Democracy’s secretary
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Investigations into voter email leak continue despite denials from government
PoliticsGreek Politicsof separate investigations by the Interior Ministry, a Greek prosecutor and the country’s Data...-Michelle Asimakopoulou from the upcoming EP elections and the resignation of a senior Interior... that the email list was leaked from the Interior Ministry during the tenure of the caretaker
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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(+1.4%), implying a CoR of 1.9% over gross loans, same as in the previous quarter vs. an average
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NBG results show net profits of 465 mln euros on strong income
EconomyBanking, the underlying CoR stood at 97 bps in the first half of the year. Eurosystem funding amounted to 10.5
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