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NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln -
First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses -
Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct -
Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln -
Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln -
Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
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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