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Banking
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EconomyBanking
Piraeus NII at 1.58 bln in 9M, commission income at 480 mln Piraeus Bank posted a net profit after tax of 932 million euros in 9M 2024, from 721 million euros up to September last year.
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EconomyBanking
Sale of 10 pct stake in NBG ups taxpayer losses from banks to 34 bln The latest divestment from the banking sector by the Greek state was completed on Thursday when the book closed for the placement of a 10 pct stake in National Bank of Greece (NBG).
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EconomyBanking
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.
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EconomyBanking
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.
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EconomyBanking
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).
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EconomyBanking
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.
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EconomyBanking
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.
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EconomyBanking
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.
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PoliticsGreek Politics
Fresh turbulence at SYRIZA as opposition parties take aim at bank deal Main opposition party SYRIZA seems headed for a turbulent summer following the latest confrontation between senior party officials and leader Stefanos Kasselakis.
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EconomyBanking
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.