Piraeus Bank of Greece announced on Monday that it grew its net profit for the full year of 2019. This increase was aided by lower operating costs and higher net interest income.
Piraeus Bank is Greece’s largest lender as measured by its assets.
The bank, of which 26.2 percent is owned by Greece’s Hellenic Financial Stability Fund (HFSF) reported a net profit of a total of 270 million euros ($297.70 million) compared to its net earnings of 185 million euros one year earlier in 2018.
The…
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Source: Greekreporter