20/01/2016 10:05
The board of Hellenic bank confirmed yesterday the three pillars that form the bank's strategic priorities for 2016.
The first pillar concerns the efficient handling of non-performing loans, the second the growth of the bank and the third its technological upgrade.
According to statements to StockWatch by the president of the board of HB Irena Georgiadou, the treatment and management of NPLs is the pinnacle, as she put it, of the bank's priorities.
"The Bank will invest resources and time for the efficient handling of non-performing loans by strengthening its human resources with people with experience and expertise that will significantly reinforce the existing mechanisms," observed Mrs. Georgiadou.
She referred to the new laws governing the management of NPLs which, as noted, necessitated the need to improve and restructure these mechanisms
The ratio of non-performing loans for HB based on the latest data was 61.2%.
As regards the chapter on development, HB's chairwoman noted that the board will continue the strategy mapped out in 2015 with the aim of increasing the bank's domestic market share, giving emphasis on business loans. The bank has excess liquidity which it can make available to the market while its capital adequacy satisfies the regulatory limits that are under review.
The third pillar relates to technology as this sector, as noted by Mrs. Georgiadou, is in line with the Bank's future.
The future of the banking sector, she stressed, is technology and the internet and the management of the bank will invest enough in this area.
HB announced profits of €6,1 mn in the first nine months of 2015 compared to losses of €124 mn in the corresponding 9 months of 2014. It also announced that is in discussions with the European supervisory mechanism for the amounts of additional provisions it will have to include in its final results for 2015 to be announced in February. According to the Bank the additional provisions will not exceed € 70 mn.
The first pillar concerns the efficient handling of non-performing loans, the second the growth of the bank and the third its technological upgrade.
According to statements to StockWatch by the president of the board of HB Irena Georgiadou, the treatment and management of NPLs is the pinnacle, as she put it, of the bank's priorities.
"The Bank will invest resources and time for the efficient handling of non-performing loans by strengthening its human resources with people with experience and expertise that will significantly reinforce the existing mechanisms," observed Mrs. Georgiadou.
She referred to the new laws governing the management of NPLs which, as noted, necessitated the need to improve and restructure these mechanisms
The ratio of non-performing loans for HB based on the latest data was 61.2%.
As regards the chapter on development, HB's chairwoman noted that the board will continue the strategy mapped out in 2015 with the aim of increasing the bank's domestic market share, giving emphasis on business loans. The bank has excess liquidity which it can make available to the market while its capital adequacy satisfies the regulatory limits that are under review.
The third pillar relates to technology as this sector, as noted by Mrs. Georgiadou, is in line with the Bank's future.
The future of the banking sector, she stressed, is technology and the internet and the management of the bank will invest enough in this area.
HB announced profits of €6,1 mn in the first nine months of 2015 compared to losses of €124 mn in the corresponding 9 months of 2014. It also announced that is in discussions with the European supervisory mechanism for the amounts of additional provisions it will have to include in its final results for 2015 to be announced in February. According to the Bank the additional provisions will not exceed € 70 mn.
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