Greek banks are now returning to normalcy, with the NPE index expected to fall to 5% next year for the industry as a whole. Non-performing exhibitions fell to a new low in the nine months (13.6%), bringing the industry closer to the normality of its activities.
The rapid implementation of strategic plans is transforming the balance sheets and operations of banks, on the one hand, while, on the other hand, it sends a strong message to the market about their determination to return to normalcy as soon as possible.
In Eurobank, the NPE index stands at 7.3%, which is the lowest among Greek banks.
Piraeus Bank has completed 90% of the planning in just 8 months, regarding non-performing loans and in a few months a reduction of NPEs was achieved with securitizations and sales that reached a record amount of 16.4 billion euros. In 9 months it showed a decrease of the NPE index to 16% compared to 46%, six months ago.
Concerning the National Bank of Greece, the index in Greece stood at 11.9%, with the remaining Non-performing Exposures amounting to 3.7 billion and 1.1 billion after forecasts
As for the Alpha Bank, at the end of December 2021, the index of non-performing exposures is expected to be reduced to 13% from 16.6%, at the end of the nine months.
Better-than-expected trends in organic asset quality trends alleviate concerns about a new wave of pandemic-related NPEs. In addition, the expected increase in loans will be much stronger than next year, which will support the trends of their first line.
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