Banking
Balance sheet clean-up spurs Piraeus to net profit of 899mln, 1.22bln NII in 2022
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 July
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 story
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 bln
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.
NBG reports 652 mln profit in 9M, core PPI up 14 pct
National Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent.
Business transformation paying off as Eurobank records 932.3 mln profit in 9M
Eurobank posted an adjusted net income of 932.3 million euros in the nine months of 2022 (9M), compared to a profit of 297.5 million euros last year.
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
Alpha Bank reported a net profit of 335.4 million euros in 9M 2022, compared to a loss of 2.5 billion euros in the same period of 2021.
Piraeus Bank reports 614 mln profit in H1 after NPE de-risking drive in 2021
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.
Business transformation brings profit of 243 mln euros for Alpha Bank in H1
Alpha Bank reported a net profit of 243 million euros in H1 2022, compared to a loss of 2.33 billion euros in the same period of 2021.
Lower trading income for NBG keeps net profits at 490 mln in H1
National Bank of Greece (NBG) reported a profit after tax of 490 million euros from continued operations in H1 2022, compared to a profit of 645 million euros in the same quarter of 2021, a drop of 24 pct.