Lenders confident of being well-placed to overcome global banking sector turbulenceEconomyBanking
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022EconomyBanking
Alpha Bank reported a net profit of 398 million euros in 2022, compared to a loss of 2.91 billion euros in 2021.
Banks discover stress test assumptions, results due in JulyEconomyBanking
The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
HFSF sets out bank divestment strategy, marking final chapter in turbulent storyEconomyBanking
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mlnEconomyBanking
Alpha Bank reported a net profit of 335.4 million euros in 9M 2022, compared to a loss of 2.5 billion euros in the same period of 2021.
Business transformation brings profit of 243 mln euros for Alpha Bank in H1EconomyBanking
Alpha Bank reported a net profit of 243 million euros in H1 2022, compared to a loss of 2.33 billion euros in the same period of 2021.
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay offEconomyBanking
Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifiesEconomyBanking
Alpha Bank reported a net loss of 2.91 billion euros in 2021, compared to profits of 104 million euros in 2020, as the bank intensified efforts to rid its balance sheet of troubled assets through increased securitisation activity.
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022EconomyBanking
Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.
Banks wrap up balance sheet transactions for 2021 on path to slashing NPEsEconomyBanking
In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs by the end of next year.