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EconomyBanking
Eurobank NII jumps by over 55 pct in Q1, NPE ratio at 5 pct Eurobank posted an adjusted net profit of 255.3 million euros in Q1 2023, compared to a profit of 302.4 million euros last year.
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EconomyMacroeconomy
BoG stresses need to avoid putting investment grade at risk In its latest financial stability report published on Thursday, the Bank of Greece highlights the progress achieved in domestic banking and notes the challenges that lie ahead for the sector and the Greek economy.
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PoliticsGreek Politics
Opposition frets over foreclosure decision as ND casts net for new faces According to reports on Friday, the Supreme Court has ruled that funds and servicers can trigger home foreclosures in Greece, settling a legal dispute that had put the process on hold but also sparking opposition criticism of the government for failing to step in to protect homeowners.
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EconomyMacroeconomy
OECD sees recovery slowing, urges fiscal discipline OECD secretary-general Mathias Cormann visited Greece on Tuesday for a meeting with Prime Minister Kyriakos Mitsotakis as the think-tank published its latest economic report about the Greek economy.
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EconomyMacroeconomy
Loans managed by servicers stabilise near 87 bln in Q3 as securitisations conclude The universe of loans managed by Credit Servicing Firms (CSF) has stabilised since Q1 this year and in Q3 it stood at 86.8 billion euros, according to data released by the Bank of Greece (BoG) on Friday.
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EconomyBanking
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021 Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021.
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EconomyBanking
Business transformation brings profit of 243 mln euros for Alpha Bank in H1 Alpha Bank reported a net profit of 243 million euros in H1 2022, compared to a loss of 2.33 billion euros in the same period of 2021.
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EconomyBanking
Lower trading income for NBG keeps net profits at 490 mln in H1 National Bank of Greece (NBG) reported a profit after tax of 490 million euros from continued operations in H1 2022, compared to a profit of 645 million euros in the same quarter of 2021, a drop of 24 pct.
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EconomyBanking
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1 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.
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EconomyMacroeconomy BoG revises growth forecast down to 3.2 pct amid growing uncertainty The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.