Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter

EconomyBanking Tags: Banking, NPLs, Piraeus, Results
Photo by MacroPolis
Photo by MacroPolis

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.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€450.00

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.