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Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
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Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
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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
Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.
After the announcement of the deal between Alpha Bank and UniCredit, which included the Romanian operations and the sale of the insurance branch of the Greek lender, UniCredit also submitted an offer to acquire the Hellenic Financial Stability Fund’s (H...
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