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Piraeus
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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
Piraeus Bank posted a net profit of 520 million euros in the first quarter (Q1) of 2022, from losses of 404 million euros last year, due to 829 million euros in clean-up impairments.
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
Piraeus Bank posted a loss of 3.01 billion euros in 2021 due to impairments related to Covid-19 and the NPE clean-up in the form of loan securitisations and sales.
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs by the end of next year.
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
Piraeus Bank posted a loss of 3.09 billion euros in the first nine months (9M) of 2021 due to impairments related to the NPE clean-up from loan securitisations and sales and Covid-19.
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.
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Banks moving at pace on road to recovery
The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
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Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2
The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Piraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
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ECB clears banks after stress tests, approves change to DTCs as momentum builds
The forward momentum in the Greek banking sector gathered pace on Friday when the results of the 2021 stress tests were announced.