Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs

EconomyBanking Tags: Alpha, Banking, NPLs, Results
Photo by MacroPolis
Photo by MacroPolis

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.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.