Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Banks enhance steps to deal with NPLs ahead of stress test
Eurobank raises 500 mln with covered bond issue
Trust in Greek banking system shaky, survey suggests
NBG steps back into markets with 750 mln covered bond issue
Eurobank sells NPL package in attempt to reduce bad debt pile
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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