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Greece's Alpha Bank post 2012 loss, provisions weigh
March 27, 2013 / 3:26 PM / 4 years ago

Greece's Alpha Bank post 2012 loss, provisions weigh

ATHENS, March 27 (Reuters) - Greece’s third-largest lender Alpha Bank posted a smaller loss in 2012 compared to a year earlier, hurt by provisions for bad loans and weak interest income amid the country’s severe debt crisis and deep recession.

Alpha reported a loss of 1.086 billion euros last year compared to a loss of 3.81 billion euros in 2011, which included a big hit from a sovereign debt writedown.

It said provisions for impaired loans rose 47.6 percent to 1.669 billion euros. (Reporting by George Georgiopoulos, editing by Deepa Babington)

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