Banks gear up for stress tests, with results due in May
Stress test assumptions cause few concerns for Greek banks
Greek banks complete first round of covered bond issues
BoG sees ample capital space for banks to sell bad loans
Clearer picture emerging ahead of stress tests, banks appear confident
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
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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