Piraeus Bank Group on Friday said pre-tax profits totaled 73 million euros in the first half of 2019 with all basic results showing improvement during this period, according to ANA.
In an announcement, the bank noted that Recurring Pre Provision Income stood at 417 million euros in the first six months of the year, +6 pct year-on-year, Net Interest Income was 719 million euros, +2 pct year-on-year, Net Fee Income at 146 million euros, +5 pct year on year, Operating Costs was 476 million, -7 pct year on year on a recurring basis and Cost of Risk at 332 million or 174 bps, within the Bank’s guidance.
Pre-tax Profit reached 73 million euros up from 33 million in the same period last year. Reported Net Profit at 38 million vs losses in the same period last year; in the second quarter of 2019 the bank reported Net Profit of 19 million euros, the 4th consecutive profitable quarter.
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