Banking
Eurobank net profits at 19.7 mln in Q1, merger with Grivalia Properties complete
Eurobank recorded net profits of 19.7 million euros in the first quarter (Q1) of 2019, representing a year-on-year (YoY) decline of 42.9 percent versus net profits of 34.5 million euros in Q1 2018.
Alpha Bank posts net profits of 27.5 mln in Q1, ELA eliminated
Alpha Bank reported net profits of 27.5 million euros for the first quarter (Q1) of 2019, improving on the net loss of 1 million euros noted in Q4 2018.
NBG reports net profits of 131 mln in Q1, accelerating profitability
National Bank of Greece (NBG) reported a net profit of 131 million euros from continued operations in the first quarter (Q1) of 2019, gaining on the profits of 8 million euros reported in Q4.
Piraeus Bank posts net profit of 185 mln in 2018
Piraeus Bank’s fourth quarter (Q4) results showed that net profits from continued operations came to 145 million euros from 94 million euros in the third quarter (Q3).
Alpha Bank posts net profits of 53 mln in 2018
Alpha Bank reported net results as neutral in the fourth quarter (Q4) of 2018 compared to a profit of 41 million euros in the third quarter (Q3) of the year, attributable entirely to profits originating from continued operations.
NBG reports full year net profits of 50 million euros from continued operations
National Bank of Greece (NBG) reported a net profit of 1 million euros from continued operations for the fourth quarter (Q4) of 2018, declining from profits of 9 million noted in the third quarter (Q3).
Eurobank net profits from continued operations fall by 12.2 pct in 2018
Eurobank recorded net profits of 29 million euros in the fourth quarter (Q4) of 2018 from 58.8 million in the previous quarter, representing a quarter-on-quarter (QoQ) decline of 50.7 percent.
BoG and HFSF schemes under scrutiny as banks look for a way forward on bad loans
Banks continue to make progress on reducing their bad loans, with the Bank of Greece (BoG) presenting its strategy for reducing bad loans to the European Commission at the end of last week.
Alpha Bank and Eurobank start new year with further bad loan sales
Two of Greece’s systemic banks moved into 2019 with increased activity on their disposal of their pile of bad loans as the new year heralds a host of ambitious loan reduction targets.
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
Piraeus Bank’s third quarter (Q3) results showed that net profits from continued operations came to 94 million euros, picking up from profits of 24 million in the previous quarter.