Greece's Alpha Bank posts higher 9-month profit on lower provisions strong income

Alpha Bank SA

08/11/2024 06:00

ATHENS, Nov 8 (Reuters) - Alpha Bank  ACBr.AT , Greece's
fourth-largest lender by market value, reported higher net
earnings in July-to-September period compared to the same period
in 2023, on lower provisions and strong interest and fee income.
    Alpha Bank, in which Italian bank UniCredit  CRDI.MI  holds
a 9% stake, reported normalised net earnings of 665.8 million
euros  ($717.93 million) versus a net profit of 571.7 million
euros last year.

($1 = 0.9274 euros)

 (Reporting by Lefteris Papadimas)
 ((lefteris.papadimas@thomsonreuters.com; +30 6944 248134;
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