Banking
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.
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.
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.
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.
The Bank of Greece (BoG) issued on Thursday its latest financial stability report, which includes data from the first quarter of 2020.
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.
Piraeus Bank’s first quarter (Q1) results revealed a net loss of 232 million euros compared to a net profit of 189 million euros in Q4 2019.
Eurobank recorded net profits of 56.8 million euros in the first quarter (Q1) of 2020 compared to net profits of 32.6 million in Q4.
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.
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.