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NPLs
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EconomyBanking
NBG reports net profits of 122 mln in Q2, highlights successful bond sale National Bank of Greece (NBG) reported a net profit of 122 million euros from continued operations in the second quarter (Q2) of 2019, down from profits of 131 million euros reported in Q1.
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EconomyBanking
BoG awaits go-ahead from DG Comp over NPL scheme The Bank of Greece (BoG) has reportedly finalised, in collaboration with Rothschild & Co, its plan for the reduction of bad loans on the books of the country’s systemic banks.
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PoliticsGreek Politics
Fiscal targets and tax cuts on agenda as Staikouras meets Regling The new Greek government is due to hold its first meeting with representatives from the European creditors on Monday as it tries to convince the institutions that it can proceed with its plans for tax cuts without putting the fiscal target at risk.
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Economy
National Bank first to test market waters in post-election afterglow If the bull case for Greece includes a pro-business government rousing dormant animal spirits in markets, that part of the case is still sleeping off a post-election campaign hangover.
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Economy
BoG report highlights economic challenges, proposes way forward The Bank of Greece (BoG) published on Monday its Monetary Policy Report for 2018 and 2019, which outlines the areas where there has been significant progress but it also highlights several risks and makes proposals that would free up the country’s potential to accelerate growth.
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EconomyBanking
Eurobank’s NPL sales take major step with two transactions Eurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans.
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EconomyBanking
Greek banks maintain focus on key areas as elections approach Greece’s systemic banks are continuing tackling several key issues as the summer sets in and against the general tide of a pre-election slowdown.
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EconomyBanking
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk The financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs).
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Economy
BoG notes economic progress, urges safeguarding of fiscal credibility In the financial stability report the Bank of Greece (BoG) published on Tuesday, it took stock of the positive developments in the Greek economy and the banking system.
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EconomyBanking
Piraeus confirms deal with Intrum for 27bln in NPLs as Eurobank launches SPV A major NPL deal moved closer towards realisation yesterday when Piraeus Bank announced that it had entered into a strategic agreement with Intrum for the management of NPLs worth a total of 27 billion euro via a special purpose vehicle.