Piraeus Bank

Piraeus Bank, one of Greece's four largest banks, on Monday reported a sharp drop in third-quarter profit compared with the previous quarter on the back of higher loan impairment provisions and weaker trading income.

Piraeus Bank grew full-year 2019 net profit, helped by lower operating costs and higher net interest income, Greece's largest lender by assets said on Monday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit of 270 million euros after net earnings of 185 million in 2018.

Greek lender Piraeus Bank, the country's largest lender by assets, said on Monday it plans to securitize roughly 7 billion euros of non-performing exposures (NPEs) in 2020.

Greek banks have been working to reduce a pile of sour credit of more than 70 billion euros ($77.32 billion), the legacy of a financial crisis that shrank the country's economy by a quarter.

Lamda Development has reached an agreement with Eurobank and Piraeus Bank for loans adding up to 1.1 billion euros.

Piraeus Bank grew second quarter net profit as provisions for impaired loans decreased, Greece's largest lender by assets said on Friday.

Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit from continued operations of 20 million euros ($22.29 million) after net earnings of 14 million in the first quarter.

Piraeus Bank reported lower first quarter profit on Monday compared to the previous three-month period, hurt by higher provisions for impaired loans and lower commission and trading income, Greece's largest lender by assets said.

Greece's largest lender Piraeus Bank turned profitable in October-to-December despite higher loan-loss provisions, improving its ratio of nonperforming loans, it said on Wednesday.

Piraeus, which is 26.2 percent owned by the country's bank rescue fund HFSF, reported a net profit from continued operations of 12 million euros after a net loss of 17 million euros in the third quarter.

Piraeus Bank on Thursday announced the launch of its state-of-the-art e-branch program, designed to provide electronic services for customers who are visually impaired.

The bank said that an e-branch program for customers with hearing problems is also set to debut in the near future.