Pi­raeus says pre­tax profit rose 2 pct Q/Q

Kathimerini English - - Front Page -

Pi­raeus Bank, Greece’s sec­ond-largest len­der by as­sets, said yesterday its sec­ondquar­ter pre­tax profit rose 2 per­cent com­pared to the pre­vi­ous quar­ter. Pi­raeus, ma­jor­ity-owned by Greece’s HFSF bank res­cue fund, and the coun­try’s three other big lenders, Na­tional, Al­pha and Eurobank, are un­der­go­ing Euro­pean Cen­tral Bank stress tests to de­ter­mine their cap­i­tal short­falls. The re­sults of the health checks are ex­pected by the end of Oc­to­ber. Pro­vid­ing a per­for­mance up­date be­fore re­sults due by the end of the month, the bank said re­cur­ring profit ex­clud­ing tax and pro­vi­sions came in at 275 mil­lion eu­ros in the April-June pe­riod. Non­per­form­ing loans, which are more than 90 days past due, rose to 39.4 per­cent of its book in the April-June pe­riod, from 38.9 per­cent in the first quar­ter. De­posits fell 15 per­cent, to 38.8 bil­lion eu­ros, in the sec­ond quar­ter.

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