Banking
Bumper results for banks add to frustration over interest rates, fees
Over recent weeks, the Greek systemic banks released another set of solid results for H1, with strong profitability and building on last year’s performance that allowed them to distribute total dividends exceeding 900 million euros, the first distribution to shareholders in 16 years.
Alpha NII rises 6 pct YoY to 829 mln, commissions income up 14 pct
Alpha Bank reported a net profit of 322 million euros in H1 2024, compared to a profit of 303 million euros in the same period of 2023, a rise of 7 percent.
NBG NII jumps 13 pct YoY in H1 to 1.19 bln, net profit up 27 pct to 646 mln
National Bank of Greece (NBG) reported a core profit after tax of 646 million euros in H1 2024, compared to a profit of 508 million euros in the same period of 2023, a significant rise of 27 percent year-on-year (YoY).
Eurobank NII jumps 8.6 pct to 1.13 bln in H1, fees income also up to 282.7 mln
Eurobank posted a net profit of 721.3 million euros in H1, compared to 684 million euros in the same period of 2023.
Piraeus NII exceeds 1 bln in H1, commissions income at 325 mln
Piraeus Bank posted a net profit after tax of 612 million euros in H1 2024, from 442 million euros in H1 last year.
Greece's ongoing divestment from banking sector creates new lender, stirs controversy
The deal for the merger between Attica Bank and Pancreta raised more questions than the Greek authorities would have anticipated regarding what was presented as one of the final steps for the state to reduce its participation.
Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
Eurobank posted a net profit of 287.2 million euros in Q1, compared to 159.4 million euros in the same quarter of 2023, a jump of 80.2 percent.
Alpha reports 211 mln profit in Q1 as NII reached 420 mln
Alpha Bank reported a net profit of 211 million euros in Q1 2024, compared to a profit of 111 million euros in the same quarter of 2023, a solid rise of 90 percent.
NBG shows strong profitability growth of 38 pct YoY in Q1, with 606 mln NII
National Bank of Greece (NBG) reported a core profit after tax of 320 million euros in Q1 2024, compared to a profit of 220 million euros in the same quarter of 2023, a significant rise of 45 percent year-on-year (YoY).
Piraeus Bank net interest income jumps by 16 pct to 518 mln in Q1, commission income up 19 pct
Piraeus Bank posted a net profit of 233 million euros in Q1 2024, from 180 million euros in Q1 last year.