Clearer picture emerging ahead of stress tests, banks appear confident
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Banks enhance steps to deal with NPLs ahead of stress test
Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
At the end of 2014, that bank realised 88 percent of the targeted cost synergies and 100 percent of funding synergies related to the acquisition of 5 banks (ATEbank, 3 Cypriot banks’ operations in Greece and Millennium Bank) over the past two years.
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