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NPLs
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EconomyBanking
NBG results show net profits of 409 mln euros on strong trading income in Q1 National Bank of Greece (NBG) reported a net profit of 409 million euros from continued operations in the fιrst quarter (Q1) of 2020, compared to 18 million euros in Q4.
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EconomyBanking
BoG governor renews calls for launch of bad bank and ESM use Bank of Greece governor Yannis Stournaras has reiterated calls for the immediate implementation of Greece’s bad bank to deal with the reduction of NPEs.
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EconomyBanking
Exposure to tourism sector a concern for banks despite effort to save season As Greece moves to reopen its tourism season, the implications for Greece’s banking sector could be widespread thanks to the loan exposure that Greek banks have to this sector.
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EconomyBanking
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation Eurobank announced last week that it was submitting the securitisation of the final arm of their Cairo portfolio to the government’s Hercules scheme.
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EconomyFeatures
Study proposes higher public spending to counter expected rise in NPLs The Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market.
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EconomyBanking
Banks look for way forward as economic shutdown takes its toll Greeks banks are facing a complicated challenge in the face of coronavirus as their efforts to reduce NPLs have come to a standstill.
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EconomyBanking
Piraeus Bank posts net profit of 49 mln in Q4 and 270 mln in 2019 Piraeus Bank’s final quarter (Q4) results showed profits of 189 million euros compared to a net profit of 49 million euros in Q3 2019.
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EconomyBanking
Covid-19 presents new, significant challenge in banks' effort to reduce NPLs The Greek banking system entered the new year with positive momentum for tackling the stock of non-performing exposures (NPE) after the Hercules asset protection scheme (APS) was launched, but the four weeks since the outbreak of the virus in Greece have brought the economy to a standstill and raised concerns about a new generation of bad loans.
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EconomyBanking
Loans under credit servicing firms rise 17.1 pct QoQ to 23.54 bln The Bank of Greece’s (BoG) released statistics for the fourth quarter (Q4) of 2019 regarding the operations of Credit Servicing Firms (CSFs) in Greece.
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EconomyProgramme
Fifth post-MoU review concludes successfully, EC highlights public investment, NPLs as areas of concern As was widely anticipated, since it had been trailed by Economic Affairs Commissioner Paolo Gentiloni during his recent visit to Athens, Greece’s fifth post-programme review was successfully completed with a positive report published by the European Commission on Wednesday.