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Piraeus
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Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
EconomyBankingPiraeus Bank’s second quarter (Q2) results showed that net profits from continued operations came to 24 million, recovering from a loss of 80 million euros in Q1.
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Banks try to build on growing confidence
EconomyBankingWith the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
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Piraeus enters agreement for sale of 2.2 bln loan portfolio
EconomyBankingPiraeus Bank took another step towards reducing its pile of bad loans when it announced on Monday that it had entered into a binding agreement with APS Investments S.a.r.l. (APS) for the sale of a loan portfolio.
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The race to reduce Greece's bad loans
EconomyBankingAhead of this week’s Eurogroup, the bad loans plaguing Greece’s banks are once again coming into focus.
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Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
EconomyBankingPiraeus Bank has agreed the sale of a corporate NPE portfolio worth 1.95 billion euros as part of its ongoing strategy to reduce the volume of bad loans on its books.
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Banks focus on defining challenge of reducing NPEs
EconomyBankingHaving breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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Piraeus Bank posts net loss of 80 mln in Q1
EconomyBankingPiraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a loss of 80 million euros compared to a net profit of 12 million in Q4 2017.
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Bank stress tests find no capital needs, clearing path for MoU exit
EconomyBankingThe European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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Piraeus Bank makes net profit of 12 mln in Q4, edges into profitability for 2017
EconomyBankingPiraeus Bank’s fourth quarter (Q4) results showed a net profit of 12 million euros from continued operations, reversing the loss of 17 million seen in Q3.
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Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
EconomyBankingPiraeus Bank’s third quarter (Q3) results showed a net loss of 19 million euros, undoing the net profit of 7 million euros seen in Q2.