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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
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NBG's NII rises by 73 pct to 1.64 bln in 9M
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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
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Alpha-UniCredit deal marks step change in developments for banking sector
Eurobank posts net profits of 38 mln in Q4 and 230 mln in 2016
Eurobank recorded net profits of 38.3 million euros in the fourth quarter (Q4) of 2016 from 85.4 million in the previous quarter, which included a one-off gain of 55 million from the disposal of its insurance unit, Eurolife ERB.
For the whole year, Eurobank turned profitable for the first time since 2010. Its net profits reached 230.1 million in 2016 from losses of 1.18 billion a year ago, mostly due to huge loan loss provisions of 2.64 billion.
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