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

Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021 04/08/2022 - 10:30
Business transformation brings profit of 243 mln euros for Alpha Bank in H1 03/08/2022 - 10:31
Lower trading income for NBG keeps net profits at 490 mln in H1 01/08/2022 - 12:13
Assisted by trading gains and cleaner balance sheet, Eurobank books 760 mln profit in H1 01/08/2022 - 11:38
NBG profits narrow to 208 mln in Q1 30/05/2022 - 09:49
Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off 27/05/2022 - 10:34

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

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.

€480.00

Free Mobile Apps

Update to the latest version of the MacroPolis Apps. Access all of our daily analysis, as well as our weekly e-newsletters, at your fingertips.

Tweets by @MacroPolis_gr

You have to in order to view this content.

Most Popular

Surveillance scandal produces more damaging revelations for ND 21/09/2022 - 14:42
ND moves to discredit SYRIZA programme, muses over far-right alliance 20/09/2022 - 14:22
Tsipras hits back with own economic pledges, choice for voters to ponder 19/09/2022 - 09:51
Policy pledges bolster top two parties as ND erases losses from surveillance affair 22/09/2022 - 15:12
Athens responds to Erdogan's accusations as Mitsotakis readies UN address 21/09/2022 - 13:42

Opposition pushes for phone-tapping probe as early polls claim limited damage to ND 29/08/2022 - 10:21
PM sets out winter relief measures, rules out change to electoral law 12/09/2022 - 09:25
Erdogan's inflammatory comments a harbinger for new period of Greek-Turkish tension 05/09/2022 - 09:00
Athens pins hopes on pan-European solution for energy crisis, as surveillance affair unfolds 01/09/2022 - 12:22
First head-to-head clash over spying scandal in Parliament fails to deliver decisive blow 26/08/2022 - 16:32

New study shows Greek population more than halving by 2100 20/07/2020 - 14:16
A busy year of diplomacy for Athens, but Greek-Turkish ties stagnate 31/12/2021 - 10:49
From the National Energy and Climate Plan to COP26: What has Greek climate policy learned? 18/11/2021 - 10:59
Turkey looms large in 2022 foreign policy agenda, which includes Balkans, US and Russia 10/01/2022 - 11:35
Athens ponders US scepticism about EastMed gas pipeline 11/01/2022 - 13:31

Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction 09/11/2021 - 09:08

BoG sees banks on right path, warns impact of pandemic not visible yet 03/12/2021 - 14:11
Banks make steady progress on improving balance sheets via securitisations 12/10/2021 - 11:25
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction 09/11/2021 - 09:08
Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments 22/11/2021 - 10:36
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln 17/03/2022 - 10:52