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Piraeus
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EconomyBanking
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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EconomyBanking
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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EconomyBanking
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.
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EconomyBanking
Piraeus and Alpha forge ahead with share capital raises and securitisations Activity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
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EconomyBanking
Piraeus announces Q1 loss of 407 mln as provisions mount Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
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EconomyBanking Piraeus Bank raises 1.38 bln in share capital increase Piraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.
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EconomyBanking
Piraeus announces transformation plan amid 2020 loss of 662 mln Piraeus Bank posted a loss of 662 million euros last year as it suffered from impairments arising from Covid and one-offs loan securitisation losses.
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EconomyBanking Banks intensify balance-sheet clean up with securitisations, new bonds Piraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB.
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EconomyBanking
Piraeus Bank posts pre-tax losses of 133 mln in 9M Piraeus Bank’s nine-month (9M) results revealed pre-tax losses of 133 million euros compared to pre tax profits of 110 million euros in the relevant period in 2019.
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EconomyBanking
All eyes on Piraeus as share price tumbles amid coupon payment concerns The banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.