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.
Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pctEconomyBanking
Eurobank posted an adjusted net income of 1.17 billion euros in the full 2022, compared to a profit of 424.3 million euros in the previous year.
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.
Business transformation paying off as Eurobank records 932.3 mln profit in 9MEconomyBanking
Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1EconomyBanking
Eurobank posted an adjusted net income of 759.7 million euros in the first half of 2022 (H1), compared to a profit of 195.1 million euros last year.
Helped by trading gains, Eurobank posts 305 mln in Q1 profitsEconomyBanking
Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pctEconomyBanking
Eurobank posted a net income of 328.5 million euros in the full 2021, compared to a loss of 1.22 billion euros the previous year. Adjusted net profit was 424.3 million euros, from profits of 538.1 million in 2020.
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.