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NBG profits to Sep approach 1 bln as net interest income rises 5%
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Piraeus Bank reports solid profits of 890 mln in 9M
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Alpha Bank profitability stays strong in 9M with 8.4% YoY rise
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Eurobank reports solid rise in profitability of 12.4% YoY in 9M
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Alpha records 497.2 mln profit in H1, commissions jump by 34% YoY
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NBG profits at 661 mln in H1, net interest income at 1.1 bln
Bumper results for banks add to frustration over interest rates, fees
Over recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total dividends exceeding 900 million euros, the first distribution to shareholders in 16 years.
Greek banks have maximized the benefits from the European Central Bank’s tight monetary policy in the last couple of years, with combined net interest income (NII) in 2023 that exceeded 8 billion euros. This was a jump that ranged from 40 to 65 pct year...
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