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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 wrap up balance sheet transactions for 2021 on path to slashing NPEs
In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs by the end of next year.
Following agreements reached earlier in autumn, Alpha Bank last week and National Bank of Greece along with Eurobank on Monday announced the completion of Cosmos, Frontier and Mexico transactions respectively.
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