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EconomyBanking
Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M Eurobank posted an adjusted net profit of 916.3 million euros in 9M 2023, compared to a profit of 924.2 million euros last year, a drop of under 1 percent.
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EconomyBanking
NBG's NII rises by 73 pct to 1.64 bln in 9M National Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.
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EconomyBanking
Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln Piraeus Bank posted a net profit of 721 million euros in 9M 2023, with Q3 2023 profit at 279 million euros, from 331 million euros in 9M 2022.
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EconomyBanking
Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln Alpha Bank reported a net profit of 491 million euros in 9M 2023, compared to a profit of 309 million euros in 9M 2022.
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EconomyBanking
Alpha-UniCredit deal marks step change in developments for banking sector The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s UniCredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.
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EconomyBanking
State braces for losses as bank divestment plan is put into action The Hellenic Financial Stability Fund (HFSF) formally launched last week the process of divesting its small participation in the share capital of Eurobank.
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EconomyBanking
Positive sentiment around banks continues to grow This year’s positive story around Greek banks is gaining momentum as systemic lenders appear to be leaving behind them the troubled era of the debt crisis and the sector is recording solid profitability hinged on the ECB’s tightening of monetary policy.
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EconomyBanking
Alpha's net interest income rises to 863.7 mln, up 48.5 pct YoY Alpha Bank reported a net profit of 302.6 million euros in H1 2023, compared to a profit of 238.6 million euros in H1 2022.
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EconomyBanking Stress tests not proving stressful for Greek banks any longer The EBA announced at the end of last month the results of the EU-wide stress tests for 2023, which confirmed that the Greek banking sector has left behind the tumultuous period that followed the debt crisis when the exercise was usually a source of concern that unearthed capital shortcomings.
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EconomyBanking
NBG's NII jumps 75 pct to 1.05 bln in H1 National Bank of Greece (NBG) reported a core profit after tax of 508 million euros in H1 2023, compared to a profit of 142 million euros in 2022, a significant rise year-on-year.