Alpha Bank reports net losses of 16.8 mln in Q2

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

Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.

Results incorporate a one-off trading gain of 71.9 million euros from the acquisition of Visa Europe from Visa Inc and an extraordinary impairment loss related to Marinopoulos, the largest supermarket chain in Greece, which filed for protection from its...

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