National Bank (NBG) posted a net loss of 1.11 billion in the fourth quarter (Q4) of 2014 from profit of 30 million in Q3.
Piraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion.
Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.
Eurobank posted a net loss of 523.7 million euros in the fourth quarter (Q4) of 2014 from 186.6 million in Q3.
In an unusual move by the standards of the Greek banking sector, Piraeus Bank has announced an agreement with leading global investment firm KKR for the transfer and securitisation of 1.2 billion of non-core assets to a new structure managed and controlled by KKR Credit and serviced by Piraeus.
Piraeus Bank posted a net loss of 1.56 billion euros in the third quarter (Q3) of 2014 from a profit of 164.3 million in Q2, according to results published late on Tuesday.
Eurobank reported a net loss of 186.6 million euros in the third quarter (Q3) from 301.1 million in Q2.
National Bank (NBG) posted nine-month (9M) net profits of 1.18 billion euros, from 262 million last year, the lender announced on Thursday.
Alpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year.
The publication of the Hellenic Financial Stability Fund (HFSF) interim financial report for the first half (H1) of 2014 showed a loss of 3.51 billion entirely due to accounting loss (unrealized capital loss) of 3.5 billion stemming from its bank holdings and warrants.