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Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
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Business transformation brings profit of 243 mln euros for Alpha Bank in H1
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Lower trading income for NBG keeps net profits at 490 mln in H1
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Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1
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NBG profits narrow to 208 mln in Q1
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Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off
Banks moving at pace on road to recovery
The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
In the latest official data on bad loans on the banks’ balance sheets released by Bank of Greece last week, the stock of NPEs on the banks’ books dropped below 35 billion euros. At the peak, they were edging close to 120 billion euros. The NPE ratio has...
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