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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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Majority stake in Piraeus Port transferred to COSCO, further investment lined up
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HFSF General Council appoints interim CEO and Deputy CEO
Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa Europe from Visa Inc.
Excluding this one-off item, recurring pre-provision income (PPI) improved by 8 percent QoQ to 288 million in Q2 on the back of a 5 percent rebound in core income mitigated by a rise in core expenses by 3 percent.
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