June 1, 2020 / 2:47 PM / a month ago

Greece's Piraeus posts Q1 loss as loan-loss provisions rise

ATHENS, June 1 (Reuters) - Piraeus Bank, Greece’s largest lender by assets, on Monday reported a loss in the first quarter on the back of higher loan impairment provisions.

Piraeus Bank, which is 26.2 percent owned by the country’s HFSF bank rescue fund, reported a net loss of 232 million euros ($258.08 million) compared to a net profit of 14 million euros in the same period a year earlier. (Reporting by George Georgiopoulos)

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