Banking

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Photo by MacroPolis Eurobank net profits at 34.5 mln in Q1

Eurobank recorded net profits of 34.5 million euros in the first quarter (Q1) of 2018, representing a year-on-year (YoY) decline of 5.5 percent versus net profits of 36.5 million euros in Q1 2017.

Photo by Panayotis Tzamaros/Fosphotos Banks focus on defining challenge of reducing NPEs

Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).

Image via www.piraeusbank.gr Piraeus Bank posts net loss of 80 mln in Q1

Piraeus Bank’s first quarter (Q1) results revealed net results from continued operations showing a loss of 80 million euros compared to a net profit of 12 million in Q4 2017.

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