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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
Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
In a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank.
Following the completion of the transaction, expected by the end of the year, Postbank will become the fourth largest bank in Bulgaria in terms of loans and deposits operating with more than 200 branches and 3,000 employees.
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