Banking
Alpha Bank's normalised profit at 162 mln in Q1, NII jumps by 51 pct to 424 mln
Alpha Bank reported a net profit of 111 million euros in Q1 2023, compared to a profit of 123 million euros in Q1 2022.
Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pct
Piraeus Bank posted a net profit of 180 million euros in Q1 2023, from a profit of 521 million euros, the same quarter last year, thanks to one-off gains of 518 million euros.
Lenders confident of being well-placed to overcome global banking sector turbulence
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022
Alpha Bank reported a net profit of 398 million euros in 2022, compared to a loss of 2.91 billion euros in 2021.
NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
National Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent.
Eurobank net profit jumps 4x to 1.33 bln in 2022, NPE ratio at 5.2 pct
Eurobank posted an adjusted net income of 1.17 billion euros in the full 2022, compared to a profit of 424.3 million euros in the previous year.
Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
Piraeus Bank posted a net profit of 899 million euros in the full year 2022, from losses of 3 billion euros last year, due to 3.87 billion euros in clean-up impairments in 2021.
Banks discover stress test assumptions, results due in July
The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
HFSF sets out bank divestment strategy, marking final chapter in turbulent story
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.