Piraeus Bank net interest income jumps to 420 mln in Q1, up 71 pctEconomyBanking
Piraeus Bank posted a net profit of 180 million euros in Q1 2023, from a profit of 521 million euros, the same quarter last year, thanks to one-off gains of 518 million euros.
Lenders confident of being well-placed to overcome global banking sector turbulenceEconomyBanking
Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022EconomyBanking
Piraeus Bank posted a net profit of 899 million euros in the full year 2022, from losses of 3 billion euros last year, due to 3.87 billion euros in clean-up impairments in 2021.
Banks discover stress test assumptions, results due in JulyEconomyBanking
The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
HFSF sets out bank divestment strategy, marking final chapter in turbulent storyEconomyBanking
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 blnEconomyBanking
Piraeus Bank posted a net profit of 729 million euros in the nine months (9M) of 2022, from losses of 3.09 billion euros last year, due to 3.75 billion euros in clean-up impairments in 9M 2021.
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021EconomyBanking
Piraeus Bank posted a net profit of 614 million euros in the first Half (H1) of 2022, from losses of 2.45 billion euros last year, due to 3 billion euros in clean-up impairments in H1 2021.
Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1EconomyBanking
Piraeus Bank posted a net profit of 520 million euros in the first quarter (Q1) of 2022, from losses of 404 million euros last year, due to 829 million euros in clean-up impairments.
Piraeus books losses of 3 bln as NPEs drop by nearly 17 blnEconomyBanking
Piraeus Bank posted a loss of 3.01 billion euros in 2021 due to impairments related to Covid-19 and the NPE clean-up in the form of loan securitisations and sales.
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022EconomyBanking
Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.