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.
Piraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1.
Eurobank reported a net loss of 301.1 million euros in the second quarter (Q2) from 207.4 million in Q1.
National Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28.