Eurobank Reports Lower 9-Month Profit Due to Bad Loan Provisions and Expenses
Eurobank, Greece’s largest lender by market value, has announced a decline in its profit for the first nine months of the year. This decrease in earnings is primarily attributed to increased provisions for bad loans and higher operating expenses. For the January-to-September period, Eurobank reported net earnings of 980 million euros ($1.05 billion), signifying an […]
Alpha bank agrees sale of ban loan portfolio
Alpha Bank is one of Greece’s four biggest lenders. It entered into a binding agreement with Hoist Finance AB to sell non-performing loans with a book value of 1.3 billion euros ($1.47 billion). In a press the bank said that, the Orbit portfolio relates to retail unsecured non-performing loans with the sale expected to be completed […]