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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
Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
Alpha Bank reported a net loss of 2.5 billion euros in the first nine months of the year (9M), compared to profits of 134 million euros in 9M 2020, due to booking losses from its Galaxy NPE portfolio securitisation.
The Galaxy transaction had an impact of 2.14 billion euros on the bank's results in the second quarter of the year.
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