-
Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
-
NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
-
Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
-
Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
-
Alpha Bank's net profit at 517 mln in H1, commissions jump to 229.1 mln
-
NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
Alpha-UniCredit deal marks step change in developments for banking sector
The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s Unicredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.
As we had noted at the end of September, the Greek banking sector story had been building positive momentum over a period of months. Systemic lenders had shed most loans off their books via securitisations and sales of NPEs, and the ECB policy framework...
You need a subscription to access our analysis. Please choose one of the packages available.
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 €530 per year.
€530.00