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Piraeus Bank reports solid profits of 890 mln in 9M
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Alpha Bank profitability stays strong in 9M with 8.4% YoY rise
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Eurobank reports solid rise in profitability of 12.4% YoY in 9M
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Alpha records 497.2 mln profit in H1, commissions jump by 34% YoY
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NBG profits at 661 mln in H1, net interest income at 1.1 bln
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Net interest income and fees push Piraeus Bank profits to 617 mln in H1
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
Greece’s central bank notes that, according to its baseline scenario, the economy will shrink by 10 pct in 2020, before resuming a growth path of 4.2 pct this year and 4.8 pct in 2022. This is broadly in line with the Finance Ministry’s estimate of 4.8 ...
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