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EconomyBanking
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1 Eurobank posted an adjusted net income of 759.7 million euros in the first half of 2022 (H1), compared to a profit of 195.1 million euros last year.
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EconomyMacroeconomy
BoG revises growth forecast down to 3.2 pct amid growing uncertainty The uncertain times across the global economy were captured in the latest monetary policy report by the Bank of Greece, which revised down its Greek growth forecast to 3.2 pct for 2022, from the 3.8 pct expected in April.
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EconomyBanking
NBG profits narrow to 208 mln in Q1 National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
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EconomyBanking
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.
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EconomyBanking
Helped by trading gains, Eurobank posts 305 mln in Q1 profits Eurobank posted an adjusted net income of 305 million euros in the first quarter of 2022 (Q1), compared to a profit of 72 million euros last year.
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EconomyBanking Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln In the last quarter (Q4) of 2021, loans managed by Credit Servicing Firms (CSF) stood at 79.74 billion euros, according to data released by the Bank of Greece (BoG) on Wednesday.
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EconomyBanking NBG reports profits of 833 mln in 2021 National Bank of Greece (NBG) reported a profit after tax of 833 million euros from continued operations in 2021, compared to a profit of 590 million euros in 2020, improving by 41 pct.
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EconomyBanking
Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln Piraeus Bank posted a loss of 3.01 billion euros in 2021 due to impairments related to Covid-19 and the NPE clean-up in the form of loan securitisations and sales.
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EconomyBanking
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies Alpha Bank reported a net loss of 2.91 billion euros in 2021, compared to profits of 104 million euros in 2020, as the bank intensified efforts to rid its balance sheet of troubled assets through increased securitisation activity.
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EconomyBanking
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct Eurobank posted a net income of 328.5 million euros in the full 2021, compared to a loss of 1.22 billion euros the previous year. Adjusted net profit was 424.3 million euros, from profits of 538.1 million in 2020.