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Deposits slide by 795 mln in Apr, dropping to 198.37 bln
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Eurobank net profits at 314.1 mln in Q1, commission income at 169.2 mln
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Alpha reports 223 mln profit in Q1, commission income up 11 pct YoY
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Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
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Alpha Bank's 2024 profits at 654 mln, commision income at 420 mln
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NBG 2024 profits at 1.16 bln, commision income up 12 pct at 427 mln
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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