Alpha Bank reports net profits of 20 mln in Q4, leading full-year earnings to 42 mln

EconomyBanking Tags: Alpha, Banking, NPLs, Results
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Alpha Bank remained profitable for the second straight quarter in Q4 2016, with net profits of 20.1 million euros from 41.1 million in the previous quarter.

For the whole year, the bank recorded net profits of 42.1 million versus losses of 1.37 billion a year ago dragged down by huge impairment losses of around 3 billion.

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