Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Mortgage loans a key piece of NPL reduction puzzle
Card transactions in Greece experience boost due to capital controls
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
NBG remains profitable in Q2 with net results of 21 mln
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
Alpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1 million in the previous quarter.
Core pre-provision profit (PPI) rebounded by 1.2 percent quarter-on-quarter (QoQ) to 305 million, mostly reflecting a drop in operating expenses following the seasonally high figure in Q4, while core income (net interest income - NII and fees) fell.
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