ECONOMY

Banks allowed to delay H1 earnings release due to asset review

banks-allowed-to-delay-h1-earnings-release-due-to-asset-review

The Finance Ministry is allowing the country’s listed banks to delay the release of first-half results by one month as European regulators are reviewing their balance sheets.

The extension of the existing August 31 deadline for H1 reporting to September 30 was recommended by the country’s Systemic Stability Board, the Finance Ministry said in a decree published on its website Thursday.

It cited the need to give banks more time to release results for ‘reasons of financial stability.’

Eurobank was scheduled to report its results today, while National Bank, the country’s biggest lender by assets, Alpha Bank and Piraeus Bank haven’t provided dates.