Alpha Bank remains profitable in Q2, NPEs reduced further

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

Alpha Bank’s reported net profit stood at 1 million in the second quarter (Q2) of 2017 including profits of 71 million from continued operations offset by losses of 68.5 million from discontinued operations, mainly related to recycling of FX differences following the sale of its subsidiary in Serbia.  

Taking into account the profits of 48 million recorded in Q1, the bank posted net profits of around 50 million in the first half (H1) of the year.

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