HSBC revised upwards its estimates for the profits and target prices of Greek banks, after the stronger than expected second quarter they announced. In particular, it says that Greek banks surprised with strong loan growth, a faster readjustment of securities on their books and strong fee income in the second quarter, adding that the positive […]
Tag: National Bank
Bank profits in 2022 that investors expect
By Leonidas Stergiou By watching the presentations of the first semester results of the four systemic banks and then reading the analyzes of the analysts who took part in the teleconferences and the questions they asked, four main findings emerge: Firstlyoverall profitability this year will likely be higher than the targets communicated by the banks […]
Banks: What the presentations to analysts ‘reveal’ for the second half of the year
Of Leonida Stergiou A jump in organic profitability, lower non-recurring income and expenses and a single-digit percentage of bad loans were the main features of the results of the second quarter and first half of the four systemic banks. Organic profitability was strengthened mainly due to interest income and commissions from an increase in business […]
Banks: Towards the end of the long-term effort to consolidate their balance sheets
The end of the long-running bank consolidation effort is now in sight, according to the main international financial and investment houses. Greek banks are turning the page, moving beyond the stage of clearing their balance sheets of their non-performing exposures (NPEs) and turning to supporting economic growth and credit expansion. The main factors boosting the […]
The heads of the 4 systemic banks estimate that the Greek economy is holding up despite the challenges
The presidents of the four systemic banks reach the common conclusion that the Greek economy maintains its momentum, despite the new serious challenges at the international and European level, in their interventions from the stage of the annual general meetings that took place, pointing out, however, that there should be no complacency and that everything […]
ETE infographic
National Bank completed the first half of 2022 with strong profitability and improved efficiency, during which profits after taxes reached 546 million euros and the NPL ratio dropped to 6.1%. At the same time, NBG’s organic profits amounted to 280 million euros, increased by 40% on an annual basis, while disbursements of new loans amounted […]
National Bank: Definitive agreement with Bracebridge Capital for Frontier II
The reaching of a definitive agreement for the sale of a portfolio of non-performing loans with a total book value of 1 billion euros to investment funds managed by Bracebridge Capital, National Bank announced. After the completion of the transaction, doValue Greece, which is licensed and supervised by the Bank of Greece, will take over […]
National Bank: EUR 1 billion in bad loans to Bracebridge Capital
National Bank announced the agreement to sell a portfolio of non-performing loans with an accounting value of 1 billion euros to Bracebridge Capital. This is the second securitization called Frontier II, which is expected to be completed in the second half of the year. As the managing director of National Bank Mr. Pavlos Mylonas stated […]
JP Morgan: What to expect from the results of Greek banks – Single-digit NPE ratios for all four systemic
Her Eleftherias Kourtalis JP Morgan expects strong results in the second quarter in all sectors for the Greek systemic banks. At the same time, it predicts cautious but confident messages from the administrations, while the target for a single-digit NPE ratio is expected to have been achieved by all four banks. Eurobank and National Bank […]
P. Mylonas: There is flexibility to exploit investment opportunities
LAST UPDATE: 12.20 By Leonidas Stergiou The resilience of the Greek economy and the fact that it will continue to grow at a rate of 4% in 2022, despite adverse international conditions, emphasized the Chairman of the Board of Directors of the National Bank Gikas Hardouvelis, speaking during today’s regular General Assembly of the bank’s […]
