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Alpha
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EconomyBanking
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies 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.
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EconomyBanking
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022 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.
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EconomyBanking
Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs 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.
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EconomyBanking
Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet Alpha Bank reported a net loss of 2.5 billion euros in the first nine months of the year (9M), compared to profits of 134 million euros in 9M 2020, due to booking losses from its Galaxy NPE portfolio securitisation.
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EconomyBanking
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.
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EconomyBanking Banks moving at pace on road to recovery The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
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EconomyBanking
Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2 The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
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EconomyBanking Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization Alpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.
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EconomyBanking
ECB clears banks after stress tests, approves change to DTCs as momentum builds The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.
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EconomyBanking
Alpha Bank buoyed by 800-mln-euro share capital raise Alpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share.