Banking
Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
Piraeus Bank posted a net profit of 788 million euros in 2023, with Q4 2023 profit at 211 million euros.
Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.
Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
Eurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent.
NBG's NII rises by 73 pct to 1.64 bln in 9M
National Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.
Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
Piraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022.
Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
Alpha Bank reported a net profit of 491 million euros in 9M 2023, compared to a profit of 309 million euros in 9M 2022.
Alpha-UniCredit deal marks step change in developments for banking sector
The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s UniCredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.
State braces for losses as bank divestment plan is put into action
The Hellenic Financial Stability Fund (HFSF) formally launched last week the process of divesting its small participation in the share capital of Eurobank.
Positive sentiment around banks continues to grow
This year’s positive story around Greek banks is gaining momentum as systemic lenders appear to be leaving behind them the troubled era of the debt crisis and the sector is recording solid profitability hinged on the ECB’s tightening of monetary policy.
Alpha's net interest income rises to 863.7 mln, up 48.5 pct YoY
Alpha Bank reported a net profit of 302.6 million euros in H1 2023, compared to a profit of 238.6 million euros in H1 2022.