Hellenic Financial Stability Fund

Higher core income bolsters NBG profits

National Bank (NBG), one of Greece's four largest lenders, on Monday reported higher third-quarter net profit compared to the second quarter on stronger fee and net interest income.

NBG, 40% owned by the country's HFSF bank rescue fund, said net profit from continued operations reached 137 million euros, versus net earnings of €58 million in the second quarter.

Alpha Bank’s Q3 profit falls

Alpha Bank, one of Greece's four largest banks, on Wednesday reported a drop in third-quarter profit compared to the previous quarter on weaker net interest income.

Alpha, 11 percent owned by the country's bank rescue fund HFSF, reported a net profit from continued operations of 43.8 million euros, versus €97.5 million in the second quarter.

Eurobank more than doubles Q1 earnings

Greece's third-largest lender Eurobank more than doubled its first-quarter net profit on the back of lower provisions for impaired loans and higher fee and commission income, it said on Friday.
Eurobank, which is 2.4% owned by the country's HFSF bank rescue fund, reported net earnings of 57 million euros, up from €22 million in last year's first quarter.

Greece’s Eurobank more than doubles Q1 profit as loan-loss provisions drop

Greece's third-largest lender Eurobank more than doubled its first-quarter net profit on the back of lower provisions for impaired loans and higher fee and commission income, it said on Friday.

Eurobank, which is 2.4% owned by the country's HFSF bank rescue fund, reported net earnings of 57 million euros ($63.4 million), up from 22 million euros in last year's first quarter.

Piraeus Bank sees 2019 profits grow

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.

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