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EconomyBanking
The race to reduce Greece's bad loans Ahead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
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EconomyBanking
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter Alpha Bank reported net profits of 65.2 million euros for the first quarter (Q1) of 2018, reversing the loss of 64 million in Q4 2017.
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EconomyBanking
Banks focus on defining challenge of reducing NPEs Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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EconomyBanking
Bank stress tests find no capital needs, clearing path for MoU exit The European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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EconomyBanking
Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss Alpha Bank reported net profits of 21.1 million euros for the full year of 2017. Net profits from 2016 stood at 42.1 million, resulting in an annual decline of 50.1 percent.
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EconomyBanking Greek banks complete first round of covered bond issues Alpha Bank has become the latest among Greece’s four systemic banks to carry out a successful covered bond issue with the public auction of a 500-million euro bond last week.
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EconomyBanking
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline Alpha Bank’s reported net profits stood at 35.5 million in the third quarter (Q3) of 2017, attributable entirely from profits originating from continued operations.
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EconomyBanking Alpha Bank remains profitable in Q2, NPEs reduced further Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including profits of 71 million from continued operations offset by losses of 68.5 million from discontinued operations, mainly related to recycling of FX differences following the sale of its subsidiary in Serbia.
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EconomyBanking
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs Alpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter with net profits more than doubling.
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EconomyBanking
Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.