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Piraeus Bank net losses at 332 mln in Q4 2014, NPLs drop under 39 pct
EconomyBankingPiraeus Bank reported net losses of 332 million euros the fourth quarter (Q4) of 2014 from 1.56 billion in Q3, which were exceptionally high due to a sharp rise in impairment losses to 2.24 billion... trading losses. Net interest income (NII) rose 0.8 percent QoQ to 513 million euros, mainly
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National Bank posts net loss of 1.1 bln in Q4
EconomyBankingNational Bank (NBG) posted a net loss of 1.11 billion in the fourth quarter (Q4) of 2014 from profit of 30 million in Q3. The Q4 bottom-line results were burdened by one-off items of 1.09 billion... in operating income on higher trading losses and a 7 percent rise in operating expenses. Net
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ATHEX net profits down 54 percent in Q1 2016
EconomyThe Hellenic Exchanges-Athens Stock Exchange (ATHEX) released its financial results for Q1 2016 after close of business on Monday, showing that the consolidated net after tax profits of the group... unease that caused a 57 percent drop in net consolidated profits compared to 2014. The turnover
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Piraeus reports net loss of 37 mln in Q1, records negative NPL formation for first time since 2008
EconomyBankingPiraeus Bank posted a net loss of 37 million euros in the first quarter (Q1) of 2016 from 1.24 billion in the previous quarter, primarily burdened by exceptionally high loan provisions, and 67... (QoQ) on the back of net interest income (NII) rebound and cost containment. NII rose 3 percent QoQ
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Net profit of 87 mln for NBG in Q1
EconomyBankingNational Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago. Core pre-provision income (PPI... and reduced operating expenses. In more detail, net interest income (NII) rebounded 1 percent QoQ
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
EconomyBankingPiraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa... by a rise in core expenses by 3 percent. Net interest income (NII) edged up by 1 percent QoQ to 484 million
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NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
EconomyBankingThe National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter. This largely reflects the elimination... billion. They added that the cure rate of restructured NPEs is over 50 percent. P&L Net interest
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Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
EconomyBankingAlpha Bank concluded the release of Greek banks’ first quarter (Q1) results, remaining profitable for the third successive quarter. Net profits more than doubled to 48.1 million euros in Q1 from 20.1... the seasonally high figure in Q4, while core income (net interest income - NII and fees) fell. Asset quality
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Piraeus posts 7 mln net profit in Q2, NPE stock down for seventh straight quarter
EconomyBankingPiraeus Bank reversed its first-quarter (Q1) net losses of 7 million to profit of 7 million in Q2, resulting in a break-even bottom-line result in the first half (H1) of 2017. At the same time, pre... due to other income. Net interest income (NII) and operating expenses stayed broadly flat. Asset
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Grivalia Properties net profits rise by 87 percent in nine-month results
EconomyMacroeconomyduring the same period last year. Net profit reached 35.5 million versus 19 million for the respective... as well as the new investment of 2017. The net gain from fair value adjustments on investment
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