Piraeus Bank reports net profit of 164.3 mln in Q2

EconomyBanking Tags: Banking, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Piraeus Bank reported net profit of 164.3 million euros in Q2 from a loss of 246.6 million in Q1.

This quarter’s profitability benefitted from two one-off items: The first relates to the recognition of additional deferred tax asset (DTA) of 200 million euros. The second involves an extraordinary gain of 144 million from an MIG corporate restructurin...

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