Alpha Bank reports quarterly profit rose by 37%

Alpha Bank SA

16/05/2024 06:00

ATHENS, May 16 (Reuters) - Greece's Alpha Bank
 ACBr.AT , the country's fourth-largest lender by market value,
on Thursday reported a 37% rise in first quarter net profit on
higher net interest income and lower provisions for bad loans.
    Alpha Bank, in which Italian bank UniCredit  CRDI.MI 
controls 9%, reported normalized net earnings of 221.6 million
euros ($241.19 million) versus a profit of 162 million euros in
the first quarter of 2023.

 (Reporting by Lefteris Papadimas; Editing by Christian
Schmollinger)
 ((lefteris.papadimas@thomsonreuters.com; +30 210 3376477;
Reuters Messaging: lefteris.papadimas.reuters.com@reuters.net))