Alpha Bank reports H1 profits of 267.4 mln on one-off item

EconomyBanking Tags: Alpha, Banking
Photo by MacroPolis
Photo by MacroPolis

Alpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year. The figures are not comparable since the former incorporates deferred tax asset (DTA) of 422 million and the latter the negative goodwill from Emporiki transaction of 3.28 billion and several other one-off items.

Excluding DTA, the bank posted net loss of 146.6 million in H1, which was 8.4 percent better than the consensus.

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