Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets

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

Alpha Bank concluded the reporting period of the four systemic Greek banks releasing its third-quarter (Q3) results on the last day of November.

The bank posted net profits of 41.1 million euros in Q3, from losses of 16.8 million in Q2. As a result, Alpha’s bottom-line result in the 9-month period turned positive, with net profits of 22 million from huge losses of 838.6 million in the correspond...

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