Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016

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

Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4) of 2015 from profit of 413.6 million in Q3.

The latter fully reflected a one-off positive impact for the change in the nominal tax rate (from 26 to 29 percent) on deferred tax asset (DTA). For the whole of 2015, Alpha recorded net loss of 1.37 billion euros from 329.8 million in 2014.

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