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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.
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EconomyBanking
BoG stresses more work needed on NPE reduction, pushes bad bank idea The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
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EconomyBanking
Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era Alpha Bank announced on Wednesday that it had entered into a binding agreement for the disposal of a mixed pool of NPEs to Greek SMEs secured by real estate assets, code named Neptune.
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Economy
BoG highlights how Covid-19 compounds legacy issues and structural challenges The Bank of Greece (BoG) published its Monetary Policy Report for 2020 on Monday, outlining the numerous challenges that the pandemic will pose on the Greek economy, public finances and the banking system.
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EconomyBanking Alpha Bank posts net loss of 10.9 mln in Q1 Alpha Bank reported a net loss of 10.9 million euros for the first quarter (Q1) of 2020 compared to net profits of 5.4 million euros in Q4 2019.