Articles | Banking | tags | ekathimerini http://www.ekathimerini en null null Wed, 26 Aug 2020 03:49:46 GMT 2020-08-26T03:49:46Z en null null ekathimerini http://www.ekathimerini http://www.ekathimerini Banks lead slide after 3-day rise http://www.ekathimerini daily/business/banks-lead-slide-after-3-day-rise

Greek stocks headed south on Thursday, after three sessions with total gains of 1.88%.

Thu, 20 Aug 2020 18:36:15 GMT http://www.ekathimerini daily/business/banks-lead-slide-after-3-day-rise 2020-08-20T18:36:15Z
Banks want auctions back http://www.ekathimerini daily/business/banks-want-auctions-back

Banks want to begin auctioning off foreclosed property again, beginning in October.


Thu, 20 Aug 2020 15:38:25 GMT http://www.ekathimerini daily/business/banks-want-auctions-back 2020-08-20T15:38:25Z
Piraeus applies to Hercules asset protection scheme http://www.ekathimerini daily/business/piraeus-applies-to-hercules-asset-protection-scheme

Piraeus Bank has applied to the Hercules asset protection scheme that aims to reduce banks’ exposure to nonperforming loans through their securitization.

Tue, 11 Aug 2020 15:51:21 GMT http://www.ekathimerini daily/business/piraeus-applies-to-hercules-asset-protection-scheme 2020-08-11T15:51:21Z
Private funds to back entity for debtors http://www.ekathimerini daily/business/private-funds-to-back-entity-for-debtors

Private investment funds will undertake the new entity for the acquisition and re-leasing of properties.

Sun, 09 Aug 2020 17:49:25 GMT http://www.ekathimerini daily/business/private-funds-to-back-entity-for-debtors 2020-08-09T17:49:25Z
National Bank's second quarter profit hit by lower trading gains http://www.ekathimerini daily/business/national-banks-second-quarter-profit-hit-by-lower-trading-gains

National Bank (NBG), one of Greece’s four largest lenders, on Thursday reported a big drop in second-quarter net profit compared with the first quarter on the back of lower trading, fee and commission income.

Fri, 07 Aug 2020 13:28:51 GMT http://www.ekathimerini daily/business/national-banks-second-quarter-profit-hit-by-lower-trading-gains 2020-08-07T13:28:51Z
Cypriot Estia plan short of expectations for bad-loan reduction http://www.ekathimerini daily/business/cypriot-estia-plan-short-of-expectations-for-bad-loan-reduction

Estia plan, a special government scheme drawn up by Cyprus' Ministry of Finance and approved by the European Commission's Directorate-General for Competition, did not meet the expectations that it would help considerably reduce nonperforming loans.

Fri, 07 Aug 2020 05:29:33 GMT http://www.ekathimerini daily/business/cypriot-estia-plan-short-of-expectations-for-bad-loan-reduction 2020-08-07T05:29:33Z
Alpha Bank applies for asset protection scheme http://www.ekathimerini daily/business/alpha-bank-applies-for-asset-protection-scheme

Alpha Bank became the second of Greece's “big four” retail banks to apply to the Hercules asset protection scheme that aims to reduce banks’ exposure to nonperforming loans through their securitization. 

Thu, 06 Aug 2020 08:21:26 GMT http://www.ekathimerini daily/business/alpha-bank-applies-for-asset-protection-scheme 2020-08-06T08:21:26Z
Piraeus Bank turns in quarterly profit, bad loan provisions drop http://www.ekathimerini daily/business/piraeus-bank-turns-in-quarterly-profit-bad-loan-provisions-drop

Piraeus Bank, one of Greece’s four largest lenders, on Tuesday reported a profit in the second quarter on the back of lower loan impairment provisions.

Tue, 04 Aug 2020 15:00:45 GMT http://www.ekathimerini daily/business/piraeus-bank-turns-in-quarterly-profit-bad-loan-provisions-drop 2020-08-04T15:00:45Z
Banks impose new limits on physical transactions http://www.ekathimerini daily/business/banks-impose-new-limits-on-physical-transactions

The number of transactions that can be carried out at Greek banks have been limited as of Tuesday amid concerns of a nationwide rise in new coronavirus infections.

Tue, 04 Aug 2020 09:39:24 GMT http://www.ekathimerini daily/business/banks-impose-new-limits-on-physical-transactions 2020-08-04T09:39:24Z
Forecasts positive for Piraeus profitability in Q2 http://www.ekathimerini daily/business/forecasts-positive-for-piraeus-profitability-in-q2

Analysts expect the second quarter to be profitable for Piraeus Bank, which is announcing results on Tuesday. 

Tue, 04 Aug 2020 06:17:28 GMT http://www.ekathimerini daily/business/forecasts-positive-for-piraeus-profitability-in-q2 2020-08-04T06:17:28Z
Support grows for a 'bad bank' in Greece http://www.ekathimerini daily/business/support-grows-for-a-bad-bank-in-greece

Debt rating agencies have a positive view of the creation of a “bad bank” to handle nonperforming loans (NPLs) dragging down commercial banks’ profits and ratings.

Mon, 03 Aug 2020 12:33:02 GMT http://www.ekathimerini daily/business/support-grows-for-a-bad-bank-in-greece 2020-08-03T12:33:02Z
Bad-bank idea gains ground http://www.ekathimerini daily/business/bad-bank-idea-gains-ground

Consensus has been growing among analysts and economists about the need for the creation of a bank to take on the nonperforming loans of Greek lenders (a “bad bank”).

Sun, 26 Jul 2020 09:29:01 GMT http://www.ekathimerini daily/business/bad-bank-idea-gains-ground 2020-07-26T09:29:01Z
IFC finds Alpha Best Issuing Bank in Southern Europe http://www.ekathimerini daily/business/ifc-finds-alpha-best-issuing-bank-in-southern-europe

Alpha Bank has been distinguished as the Best Issuing Bank in Southern Europe for 2019 by the International Finance Corporation (IFC), a member of the World Bank group.

Wed, 22 Jul 2020 08:38:25 GMT http://www.ekathimerini daily/business/ifc-finds-alpha-best-issuing-bank-in-southern-europe 2020-07-22T08:38:25Z
Recent shift to savings favors banks http://www.ekathimerini daily/business/recent-shift-to-savings-favors-banks

The swing of Greek households to bank savings, partly due to the coronavirus pandemic, is giving local banks some much-needed breathing room, Moody’s said on Monday.

Mon, 20 Jul 2020 19:55:32 GMT http://www.ekathimerini daily/business/recent-shift-to-savings-favors-banks 2020-07-20T19:55:32Z
Greek central bank mulls 'bad bank' to clean up sour loans http://www.ekathimerini daily/business/greek-central-bank-mulls-bad-bank-to-clean-up-sour-loans

Greece’s central bank is looking at the creation of a “bad bank” to deal with sour loans weighing down its banking sector, and which are likely to rise from the Covid-19 fallout, it said on Thursday.

Thu, 16 Jul 2020 12:06:44 GMT http://www.ekathimerini daily/business/greek-central-bank-mulls-bad-bank-to-clean-up-sour-loans 2020-07-16T12:06:44Z
Bankruptcy bill to allow 240 tranches http://www.ekathimerini daily/business/bankruptcy-bill-to-allow-240-tranches

The new bankruptcy code that the government is preparing will provide for the settlement of debts to the state in up to 240 monthly tranches, up from 120 today, as part of the extrajudicial debt arrangement framework for enterprises.

Sun, 12 Jul 2020 18:52:40 GMT http://www.ekathimerini daily/business/bankruptcy-bill-to-allow-240-tranches 2020-07-12T18:52:40Z
Six bidders enter race for Alpha’s Cepal spinoff and Galaxy portfolio http://www.ekathimerini daily/business/six-bidders-enter-race-for-alphas-cepal-spinoff-and-galaxy-portfolio

Six investment funds participated in the first stage of non-binding bids for Alpha Bank’s bad-loan management spinoff Cepal and the securitization of the Galaxy portfolio.

Sat, 11 Jul 2020 11:41:51 GMT http://www.ekathimerini daily/business/six-bidders-enter-race-for-alphas-cepal-spinoff-and-galaxy-portfolio 2020-07-11T11:41:51Z
Creditors to discuss debtors http://www.ekathimerini daily/business/creditors-to-discuss-debtors

The burning issue of the new bankruptcy code has been forwarded to the meetings that the administration of the Finance Ministry will have on Monday with the mission chiefs of the country’s creditors.

Sat, 11 Jul 2020 09:19:27 GMT http://www.ekathimerini daily/business/creditors-to-discuss-debtors 2020-07-11T09:19:27Z
Banks lift burden off debtors http://www.ekathimerini daily/business/banks-lift-burden-off-debtors

Loan repayment installments by households and enterprises hurt by the crisis have now been frozen up to the end of the year, following a decision by the Hellenic Bank Association on Tuesday.

Wed, 08 Jul 2020 08:27:47 GMT http://www.ekathimerini daily/business/banks-lift-burden-off-debtors 2020-07-08T08:27:47Z
New sifting of Katseli debtors http://www.ekathimerini daily/business/new-sifting-of-katseli-debtors

The government is about to perform a close inspection of all applications for protection of debtors under the provisions of the so-called Katseli law, to find out how many of them deserve protection status and which of them have only applied in order to win time.

Sat, 04 Jul 2020 15:51:15 GMT http://www.ekathimerini daily/business/new-sifting-of-katseli-debtors 2020-07-04T15:51:15Z