Banking
Alpha Bank reports H1 profits of 267.4 mln on one-off item
Alpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year. The figures are not comparable since the former incorporates deferred tax asset (DTA) of 422 million and the latter the negative goodwill from Emporiki transaction of 3.28 billion and several other one-off items.
Greece to recover at least 30 of 50 bln it borrowed to bail out banks, says HFSF chief
Greece is likely to recover more than 30 billion euros of the 50 billion it has borrowed to rescue its banks, Hellenic Financial Stability Fund (HFSF) CEO Anastasia Sakellariou told Kathimerini newspaper in an interview published on Sunday.
Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
The recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has dropped dramatically.
Ιnterest in exercising Alpha's warrants remains rather limited
The results of the second exercise period of Alpha Bank’s warrants showed that 60.9 million warrants were exercised at the predefined price of 0.4576 euros.
HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
The Hellenic Financial Stability Fund (HFSF) issued its 2013 annual report, which revealed some important financial information related to the Fund’s activities throughout last year.
Alpha Bank acquires Citigroup's retail banking unit in Greece
Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
Piraeus Bank reports loss of 247 mln for Q1
Piraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4.
Alpha Bank posts loss of 94.1 mln in Q1
Alpha Bank, the third largest Greek bank by total assets, posted a Q1 net loss of 94.1 million euros from profit of 230.4 million last year.
National Bank starts 2014 posting net profit of 181 mln in Q1
National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent).
Eurobank records net loss of 207.4 mln in Q1
Eurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros in Q1 2014 from 913.1 in Q4 2013.