Hellenic Financial Stability Fund

Piraeus Bank grew full-year 2019 net profit, helped by lower operating costs and higher net interest income, Greece's largest lender by assets said on Monday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit of 270 million euros after net earnings of 185 million in 2018.

Alpha Bank reported slightly higher net profit in the fourth quarter last year on the back on lower provisions for bad loans and better net interest income, Greece's fourth-largest lender by assets said on Friday.

Greece's third-largest lender Eurobank raised its net profit in 2019 as provisions for impaired loans eased and said it would now be focusing on profitability. 

Greece's third-largest lender Eurobank on Thursday reported higher full-year 2019 net profit compared to a year earlier as provisions for impaired loans eased.

Eurobank, which is 2.4 percent owned by the country's HFSF bank rescue fund, reported net earnings of 127 million euros ($140.86 million), up 36.2 percent from 93 million euros in 2018.

Alpha Bank on Tuesday reported lower third-quarter profits after higher bad-debt provisions and said it would launch a big securitization of soured loans to clean up its balance sheet.

Eurobank said on Thursday it was selling two real estate portfolios worth a combined 84 million euros to Brook Lane Capital and plans to put a third portfolio up for sale.
Eurobank, which is 2.4 percent owned by Greece's HFSF bank rescue fund after being bailed out during the country's debt crisis, repossessed most of the properties, residential and commercial, after loan defaults.

National Bank (NBG) plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece's recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis.

Piraeus Bank grew second quarter net profit as provisions for impaired loans decreased, Greece's largest lender by assets said on Friday.

Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit from continued operations of 20 million euros ($22.29 million) after net earnings of 14 million in the first quarter.

National and Alpha, two of Greece's top banks, alongside Piraeus and Eurobank, continued their bid to rid themselves of their bad loans, half-year results revealed on Thursday. Both banks' efforts to repair their balance sheets resulted in significantly improved profits.

The government is moving quickly to develop plans to reduce the retail banks' nonperforming loans, hoping it will make up for the wasted time under the SYRIZA government.