Greece's Alpha Bank nine-month earnings rise on stronger fee, interest income (updated)
UPDATE 1-Greece's Alpha Bank nine-month earnings rise on stronger fee, interest income Adds details on results
ATHENS, Oct 30 (Reuters) - Alpha Bank, Greece's fourth-largest lender by market value, reported higher net earnings for the first nine months of the year, supported by strong growth in fee and interest income.
The bank, in which Italian bank UniCredit holds a 29.5% stake, posted normalised net earnings of €778.5 million ($902.6 million) for the January-September period, up from €681.5 million a year earlier.
Here are some details:
Net interest income rose to €1.32 billion from €1.19 billion euros a year earlier
Fee and commission income increased to €482.7 million from €365.2 million in the year-ago period
Loan impairment charges climbed to €142.2 million from €136.8 million
The company's non-performing exposure ratio stood at 3.6%
(Reporting by Lefteris Papadimas; Editing by Muralikumar Anantharaman and Sherry Jacob-Phillips)
Recent news on Unicredit, SpA
See all newsUniCredit vows to finance German companies in tie-up with Commerzbank (updated)
UniCredit vows to finance Germany's Mittelstand in tie-up with Commerzbank
Greece's Alpha Bank nine-month earnings rise on stronger fee, interest income (updated)
Timeline: World's oldest bank fights for its future as Italian rival nears takeover
Czech billionaire Strnad offers €30 billion for EssiLux shareholder Delfin, sources say (updated)