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Banking
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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
Hercules nears end of its first cycle with National Bank's participation The government’s Hercules Asset Protection Scheme (APS) for reducing bad loans on the books of the country’s major banks now includes all four systemic lenders following National Bank of Greece’s application to participate in the plan.
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EconomyBanking
BoG warns pandemic will leave trail of bad loans, hastening need for new tools In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
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EconomyMacroeconomy
Credit growth in November edges up to 2.6 pct, approaching 2010 high Credit movement in the Greek private sector rose by 2.6 percent in November after an increase of 2.5 percent in October, Bank of Greece (BoG) figures showed on Tuesday.
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EconomyBanking
Banks end year with continued bad loan sales At the end of a challenging year for the banking sector, Greece’s systemic banks have continued their activity to reduce bad loans with a few days of 2020 left.
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Economy BoG insists on need for bad bank, sees EU funds boosting recovery from 2021 The Bank of Greece tabled its interim monetary policy report for 2020 on Monday, shedding light on how it expects the Greek economy and banking system to develop next year.
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EconomyBanking
NBG results show net profits of 602 mln euros in 9M National Bank of Greece (NBG) reported net profits of 602 million euros from continued operations in the fιrst nine months (9M) of 2020, compared to 452 million euros in 9M 2019.
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EconomyBanking
Piraeus Bank posts pre-tax losses of 133 mln in 9M Piraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
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EconomyBanking
Eurobank net results show loss of 1.08 bln in 9M Eurobank recorded net results of a loss of 1.08 billion euros in the nine-month period (9M) of 2020 compared to net profits of 94.3 million in 9M 2019.