Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct

EconomyBanking Tags: Alpha, Banking, NPLs
Photo by MacroPolis
Photo by MacroPolis

Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.

Core pre-provision income (PPI) - excluding trading income and one-off expenses – fell 10.8 percent QoQ to 251.6 million euros from 282.2 million in Q3, mainly due to higher operating expenses.

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