Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021

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

Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021.

In H1 2022, clean-up impairments stood at 269 million euros

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