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Greece's Piraeus Bank posts 9-month profit of 3.2 bln euros
November 29, 2013 / 3:31 PM / 4 years ago

Greece's Piraeus Bank posts 9-month profit of 3.2 bln euros

ATHENS, Nov 29 (Reuters) - Greece’s second-largest lender Piraeus Bank posted on Friday a 3.2 billion euro profit in the first nine months of the year thanks to a one-off gain from taking over Cypriot bank units.

The bank’s provisions for loans and other assets reached 1.68 billion euros. Piraeus did not provide figures for the nine-month period last year.

Results this year have been consolidated to include recent acquisitions of the healthy part of ATEbank, Geniki Bank, Cypriot bank operations and Millennium Bank. ($1 = 0.7353 euros) (Reporting by Lefteris Papadimas)

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