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Piraeus
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Review demands put spotlight on Greek banks
EconomyBankingGreek banks have been a topic of discussion over the last few days after eurozone official highlighted last week the need for the management of NPLs and amid pressure from the International Monetary Fund for new asset quality reviews (AQRs) to be carried out.
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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.
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China's bumpy road to Greece
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EconomyFeaturesAt a time when investments in Greece are considered too risky by most foreign counterparts, Greece has found itself a potential ally in China.
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Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
EconomyBankingPiraeus Bank trimmed its net losses to 6 million euros in the first quarter (Q1) of 2017 from 12 million in the previous quarter.
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Piraeus Bank posts minor losses in Q4, almost breaking even for 2016
EconomyBankingPiraeus Bank concluded the release of Greek banks’ fourth quarter (Q4) results on Friday evening by announcing that it posted net losses of 17.7 million euros in Q4 from profits of 30.6 million in the previous quarter.
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Piraeus Bank appoints new CEO, ending a long period of uncertainty
EconomyBankingPiraeus Bank announced on Wednesday evening that Christos Megalou was unanimously elected as CEO by the bank’s Board of Directors.
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingGreek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
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Piraeus Bank posts net profits of 31 mln in Q3, records improved asset quality trends
EconomyBankingPiraeus Bank reported a positive bottom-line result for the second straight quarter, with net profits rising to 31 million euros in the third quarter (Q3) of 2016 from 20 million in the previous quarter.
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Deadlock at NBG over chairman appointment
EconomyBankingWhile it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).
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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 Europe from Visa Inc.