Marginal net losses of 2 mln for Alpha in Q1

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

Alpha was the last of the four core Greek banks that released its first quarter (Q1) results this week, showing a marginally negative bottom line of 2.2 million euros from 115.8 million in the corresponding period last year.

Core pre-provision income (PPI) significantly improved quarter on quarter (QoQ to 299 million in Q1 from 270 million in Q4 2015 mostly due to a double-digit cut in operating expenses.

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