Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Mortgage loans a key piece of NPL reduction puzzle
Card transactions in Greece experience boost due to capital controls
Piraeus Bank posts net profit of 24 mln in Q2, ELA funding fully eliminated
NBG remains profitable in Q2 with net results of 21 mln
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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