Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1

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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1

EconomyBanking 12/05/2022 - 11:57 Tags: Banking, Piraeus

Piraeus Bank posted a net profit of 520 million euros in the first quarter (Q1) of 2022, from losses of 404 million euros last year, due to 829 million euros in clean-up impairments.

In Q1, clean-up impairments stood at 152 million euros

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Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1 12/05/2022 - 11:57
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