Banking
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.
NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
National Bank of Greece (NBG) reported a core profit after tax of 1.2 billion euros in 2023, compared to a profit of 474 million euros in 2022, a significant rise year-on-year.
First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
The Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis to support the banking sector, completed last week the first round of sales of its stakes in the four systemic banks, realising record losses for the Greek state.
Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
Alpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022.
Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
Eurobank posted an adjusted net profit of 1.26 billion euros in 2023, compared to a profit of 1.18 billion euros in the previous year, a rise of 6.6 percent.
Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
Piraeus Bank posted a net profit of 788 million euros in 2023, with Q4 2023 profit at 211 million euros.
Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.