Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitizationEconomyBanking
Alpha Bank reported a net loss of 2.04 billion euros for the second quarter (Q2) of 2021, compared to a loss of 282.2 million euros in Q1, after booking losses from its Galaxy NPE portfolio securitization.
Corporates had tough first quarter as pandemic dragged onEconomyCorporates
With many large corporates having now reported their financials for the first quarter (Q1), the results showed them continuing to feel the squeeze to both their top and bottom lines.
NBG posts 557 mln profit in Q1EconomyBanking
National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
Eurobank posts Q1 net profit of 70 mlnEconomyBanking
Eurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.
Piraeus announces Q1 loss of 407 mln as provisions mountEconomyBanking
Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mlnEconomyBanking
Alpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.
Corporations kick off Q1 earnings season with improved profitsCorporates
The first batch of Greek corporations to report earnings for the first quarter have been showing a pick up in profitability, even if revenue remains pinched.
Terna Energy net profit increases by 39.3 pct in 2020EconomyCorporates
Renewable energy company Terna Energy’s full year results for 2020 revealed that revenue rose by 10 percent year-on-year and came to 328.1 million.
GEK Terna posts net profit of 12.5 million in 2020EconomyCorporates
Greek construction and energy group GEK Terna’s net income attributable to shareholders dropped to 12.5 million euros in 2020 from 23.5 million euros the year before.
PPC returns to profitability in 2020, posting net income of 35.2 mlnEconomyCorporates
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.