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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
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Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
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NBG reports profits of 833 mln in 2021
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Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
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Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
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Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
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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