NBG makes profit of 20 mln in Q1, NPE stock falls again
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
Eurobank net profits at 34.5 mln in Q1
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
Banks focus on defining challenge of reducing NPEs
Piraeus Bank posts net loss of 80 mln in Q1
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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