Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends

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

Piraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.

For the 9-month period, the bank posted net profits of 14 million from losses of 621 million a year ago.

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