Net interest revenues boost Piraeus earnings
Piraeus Bank, Greece’s third-largest lender by market value, on Monday reported higher net earnings for the second quarter from the same period last year on a rise in net interest income.
Greek banks hope to pay out dividends in 2024 for the first time since 2010, when the country’s debt crisis erupted.
Piraeus Bank, 40% owned by the country’s HFSF bank rescue fund, reported net earnings of 120 million euros from €92 million in the same quarter last year.
Net interest income reached €461 million from €266 million a year ago, it said.
The group’s nonperforming loan exposure ratio (NPE) improved to 5.5% of its total loan portfolio from 9.3% in the second quarter of 2022. [Reuters]
