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Alpha Bank's net profit at 517 mln in H1, commissions jump to 229.1 mln
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
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Eurobank records strong profits of 691 mln in H1, net interest income jumps 12.2 pct
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Piraeus Bank reports profits of 559 mln in H1, commissions income strong at 325 mln
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Deposits slide by 795 mln in Apr, dropping to 198.37 bln
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Eurobank net profits at 314.1 mln in Q1, commission income at 169.2 mln
HFSF sets out bank divestment strategy, marking final chapter in turbulent story
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
After three series of recapitalisations between 2013 and 2015, the state holds 40.39 pct in National Bank of Greece (NBG), 27 pct in Piraeus Bank, 9 pct in Alpha Bank, 1.40 pct in Eurobank and almost 63 pct in the smaller size Attica Bank.
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