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NPLs
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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.
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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.
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EconomyBanking
Bridge scheme activated as banks look to avoid second-wave NPL increase The ‘Bridge’ scheme for mortgage subsidies, which will subside up to 90 percent of payments from eligible individuals, has been activated as part of a number of mechanisms to relieve pressure on borrowers hit by the coronavirus pandemic.
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PoliticsGreek Politics
Passing of insolvency law gives opposition campaigning foothold Parliament passed legislation setting out the new insolvency code on Monday, with 158 votes in favour from the government benches, while 140 opposition MPs voted against the bill in principle.
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EconomyBanking
Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing With Greece’s coronavirus numbers still climbing, Greece’s banking system is continuing with its bad loan reduction plans and an eventual return to normal operations.
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EconomyProgramme![Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]](resources/toolip/img-thumb/2014/08/11/imf_439_1108-medium.jpg "Photo via IMF photostream on Flickr [https://www.flickr.com/photos/imfphoto/]")
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation The International Monetary Fund (IMF) concluded on Friday its second post-programme monitoring mission, which took place remotely, by publishing the staff concluding statement.
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EconomyBanking
Banks remain largely profitable in Q2, with focus on NPL reductions Greece’s four systemic banks completed the second quarter of the year with relatively stable performance results amid the pandemic.
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EconomyBanking
Property e-auctions resume after pandemic hiatus as banks focus on NPLs Property e-auctions resumed last week after a six month hiatus due to the coronavirus pandemic as banks hoped to preserve prices for valuations.
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EconomyBanking Eurobank net results show profit of 176 mln in H1 Eurobank recorded net results of an adjusted profit of 176 million euros in the first half (H1) of 2020 compared to net profits of 96.7 million in H1 2019.