November 28, 2013 / 3:36 PM / 4 years ago

Greece's Alpha Bank posts narrower nine month loss

ATHENS, Nov 28 (Reuters) - Alpha Bank, Greece’s fourth-largest lender by assets, posted a narrower loss for the first nine months of the year on Thursday, helped by lower expenses higher interest income.

Alpha Bank reported a net loss of 102 million euros compared to a loss of 711.2 million euros in same period last year. Loan-loss provisions rose 26 percent to 1.47 billion euros from 1.17 billion euros in same period last year.

The bank said its non-performing loans ratio stood at 32.9 percent, stabilising at lower levels compared to last year. (Reporting by Lefteris Papadimas, editing by Deepa Babington)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below