Piraeus and Alpha forge ahead with share capital raises and securitisations
NBG posts 557 mln profit in Q1
Eurobank posts Q1 net profit of 70 mln
Piraeus announces Q1 loss of 407 mln as provisions mount
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
Piraeus Bank raises 1.38 bln in share capital increase
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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