Piraeus Bank posts net loss of 1.56 bln in Q3

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

Piraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from a profit of 164.3 million in Q2, according to results published late on Tuesday.

Q3 results incorporate a sharp rise in loan provisions to 2.24 billion from 957 million in the first half of year.

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