Alpha Bank
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Banks slash bad-loan stock by over 15 billion euros in a year
Greece's four systemic banks have reduced their stock of nonperforming exposures (NPEs) by 15.3 billion euros in the last year, as their financial reports at the end of June showed that their total NPEs stood at 78.8 billion, compared to 94.1 billion a year earlier.
This reduction is the outcome of loan restructurings and settlements as well as the extensive sales of loan portfolios.
A turbulent 20 years for Greek banks
The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).
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Alpha Bank: Why inflation remains anemic
The weak inflation in Greece is due both to international factors, such as the euro/dollar exchange rate and the drop in oil prices, and domestic ones, such as the cuts in value-added tax at restaurants and on energy products, says Alpha Bank in its weekly bulletin on economic developments.
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Funds go short on Greek banks
Greek analysts are concerned by foreign funds increasingly going short on Greek banks over the last month.
The trend became apparent in July and is based on debt rating firms' repeated warnings that the banking sector, with its nonperforming loans, remains one of the main drags on the economy.
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Moody's ups Greek banks' deposit rating outlook to positive
Moody's changed its deposit rating on Greek banks Alpha, Eurobank and National to positive from stable, citing expectations of further improvement in asset quality, the ratings agency said on Tuesday.
Moody's said stronger than 2 percent annual economic growth in the coming years would support banks' efforts to reduce their large stock of sour loans.
State hirings before the election
The state made so many public sector hirings over the first three months of the year that it overshadowed the economy's main employment leaders, i.e. services and tourism, according an analysis by Alpha Bank in its weekly bulletin.
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BVB's Tanase: Bond trading, entering unprecedented diversification
The bond segment is entering a stage of unprecedented diversification for the local capital market as investors who have had access to corporate, municipal and government bonds so far can trade the first mortgage bonds, Bucharest Stock Exchange (BVB) CEO Adrian Tanase told a conference on Wednesday.
EBRD names Alpha most active issuing bank
The European Bank for Reconstruction and Development (EBRD) has named Alpha bank and the Most Active Issuing Bank in 2018 in Greece.
This is the second year in a row that Alpha has earned this distinction, which concerns the promotion of international trade in Greece and highlights Alpha's successful participation in the EBRD's Trade Facilitation Program.
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Conference on Greek banks at Panteion University
Panteion University's Institute of International Relations in Athens is organizing a one-day conference titled "Greek Banks: A Pillar of Growth or a Big Patient?" at the institute's functions hall (3-5 Hill Road, Plaka) from 10 a.m. to 2.30 p.m. on Wednesday, June 19.
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Roadshows reveal a positive mood
Very positive messages are coming from foreign investors at the investment roadshows this week in which Greek banks and other listed companies are participating, as the interest of funds in local assets has increased.
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