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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
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Eurobank records strong profits of 691 mln in H1, net interest income jumps 12.2 pct
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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