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HFSF study identifies constraints on developing dynamic NPL market
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
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Eurobank remains profitable with net profits of 46.2 mln in Q2
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Alpha Bank reports net losses of 16.8 mln in Q2
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Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
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Majority stake in Piraeus Port transferred to COSCO, further investment lined up
Value of HFSF's shareholdings in core Greek banks sinks to 18.5 bln
The recent publication of financial statements for the first quarter of 2014 by Greece's bank rescue fund, the Hellenic Financial Stability Fund (HFSF), revealed a profit of 1.45 billion euros for the period in question. However, the value of HFSF's shareholdings in Greece's core lenders has dropped dramatically.
The amount reported HFSF's Q1 financial statements is attributed to accounting gains (unrealized capital gains) of 1.43 billion from bank holdings and warrants.
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