Piraeus Bank Group - Asset Quality

NPLs (As % Of Loans) & Provisions (As % Of NPLs)
Banking | Greece | July 24, 2019
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Excel Sheet

Piraeus Bank Group's non-performing loans reached 39.5% of total loans at the end of 2015-12-31, up from 37.8% compared to the previous year. Historically, the NPL ratio hit an all time high of 40.5% in 2015-09-30 and an all time low of 3.32% in 2008-06-30.

Provision coverage amounted to 65.0% at the end of 2015-12-31, up from 57.4% compared to a year earlier.

The bank created loan loss provisions worth of 10.8% of average loans in 2015-12-31. That's compared to 6.24% of loans the bank put aside to its cost on average in the last five years.

Comparing Piraeus Bank Group with its closest peers, National Bank of Greece operated at the end of 2015-12-31 with NPL ratio of 42.5% and provision coverage of 74.6%, Alpha Bank Group with 39.2% and 52.7% respectively and Eurobank Group had 33.8% of bad loans covered with 67.4% by provisions at the end of 2015-12-31.

You can see all the bank’s data at Piraeus Bank Group Profile, or you can download a report on the bank in the report section.

NPLs (As % Of Loans) Unit Mar 2014 Jun 2014 Sep 2014 Dec 2014 Mar 2015 Jun 2015 Sep 2015 Dec 2015
Alpha Bank Group % 36.0% 36.1% 35.3% 36.0% 37.6%
Eurobank Group % 31.8% 33.0% 33.3% 34.0% 34.3%
National Bank of Greece % 24.4% 24.4% 24.3% 24.3% 36.6%
Piraeus Bank Group % 38.5% 39.0% 37.8% 38.9% 39.4%
AVERAGE % 32.1% 32.7% 33.1% 32.7% 33.3% 37.0% 40.8% 38.7%