Alpha Bank's net profits decline to 21.1 million in 2017, fourth quarter makes loss
Greek banks' NPL selloff gathers speed
IFRS 9 provisions required by banks in line with expectations
Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target
Banks gear up for stress tests, with results due in May
Stress test assumptions cause few concerns for Greek banks
Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
Piraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017.
At the same time, pre-provision income (PPI) improved by 13 percent quarter on quarter (QoQ) to 292 million in Q2, mostly due to other income. Net interest income (NII) and operating expenses stayed broadly flat.
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