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NPLs
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Economy
Banks' trading updates show slight improvement in core pre-provision income, deceleration in NPL formation Changing its previous announcement to publish its second quarter (Q2) financial results on Wednesday, Piraeus Bank released today a trading update providing the evolution of the key balance and P&L items excluding loan provisions and profits.
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Economy
This is the government's strategy on banks and NPLs as part of third bailout One of the four pillars outlined in the draft bill that was tabled to Parliament accompanying the draft agreement for new financial aid from the European Stability Mechanism (ESM) relates to safeguarding financial stability.
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Economy
Bank recap and NPL management create conundrum in bailout talks Two bank-related themes, namely the recapitalisation process and the management of non-performing loans (NPLs), are among the key unresolved issues in the ongoing discussions between Greek authorities and the institutions.
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EconomyMacroeconomy
Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.
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EconomyBanking
Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
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EconomyBanking
Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.
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EconomyMacroeconomy
Bank of Greece sees growth at 0.7 pct in 2014, NPLs up to 34.1 pct The Bank of Greece (BoG) expects GDP to expand by 0.7 percent in 2014 and further by 2.5 percent in 2015, according to the 2014 Interim Monetary Policy report.
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EconomyBanking Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct Alpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year.
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Economy
Greece sets out plans for settling SME NPLs; mortgages to come The outgoing Development Minister Nikos Dendias presented on Monday the much anticipated legislation on the settlement of corporate non-performing loans (NPLs).
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Economy
Moody's upgrades Greek banks to stable, sees NPLs peaking at 37 pct this year Moody’s upgraded on Tuesday its outlook on Greek banks to stable from negative, reflecting its expectations for an economic recovery in 2014-15 after six years of recession.