Alpha Bank turns profitable in Q1 as last year's clean-up efforts pay off

EconomyBanking Tags: Alpha, Banking, NPLs
Photo by MacroPolis
Photo by MacroPolis

Alpha Bank reported a net profit of 125 million euros in Q1 2022, compared to a loss of 282 million euros in the same quarter of 2021.

In the last quarter of 2021, the net loss was 408.1 million euros, mostly on the back of 551.8 million euros of impairment losses booked.

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