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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.
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EconomyBanking
Piraeus and Alpha forge ahead with share capital raises and securitisations Activity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
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EconomyBanking
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln Alpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.
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EconomyBanking
Banks intensify balance-sheet clean up with securitisations, new bonds Piraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB.
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EconomyBanking Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation Alpha Bank entered an agreement with US investor Davidson Kempner Capital Management in a deal worth about 230 million euros that moves it towards completing Europe’s second-largest rated NPE securitisation.
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EconomyBanking
Alpha Bank Q3 results reflect net profits of 43.8 mln Alpha Bank reported net profits of 43.8 million euros for the third quarter (Q3) of 2020 compared to a net profit of 97.5 million euros in Q2 2020.