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NPLs
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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.
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EconomyBanking
Alpha Bank posts net profits of 98 mln in Q2 Alpha Bank reported net profits of 98 million euros for the second quarter (Q2) of 2020 compared to a net loss of 11 million euros in Q1 2020.
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EconomyBanking
NBG results show net profits of 465 mln euros on strong income National Bank of Greece (NBG) reported a strong net profit of 465 million euros from continued operations in the fιrst half (H1) of 2020, compared to 245 million euros in H1 2019.
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EconomyBanking
Banks step up securitisation drive following pandemic interruption Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.
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EconomyBanking
Piraeus Bank posts pre-tax losses of 215 mln in H1 Piraeus Bank’s first half (H1) results revealed pre-tax losses of 215 million euros compared to pre-tax profits of 57 million euros in the relevant period in 2019.
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PoliticsGreek Politics
Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern The authorities are stepping up their efforts to encourage Greeks to take greater care not to spread the coronavirus after a significant rise in confirmed cases over the last few days.
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EconomyBanking
OECD advocates closer look at health and capital quality of Greek banks In its latest survey for Greece, published on Wednesday, the OECD draws attention to the Greek banking system and the importance of improving banks’ balance sheets so the lenders can resume their critical role of financing the economy, particularly due to the difficulties caused by the pandemic.