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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
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NBG's NII rises by 73 pct to 1.64 bln in 9M
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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
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Alpha-UniCredit deal marks step change in developments for banking sector
Lenders confident of being well-placed to overcome global banking sector turbulence
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
Stournaras went as far as suggesting that ‘Greece is not Switzerland’, with the country having paid a heavy price and taken on in excess of 40 billion euros in debt from European lenders to shore up its banking sector during the debt crisis, which clima...
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