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Business & Finance

Piraeus Bank posts small Q1 profit, provisions up

ATHENS : Piraeus Bank, Greece's fourth-largest lender, on Friday reported a 2.0 million euro ($2.79 million) profit in t
Published Updated

piraues-bankATHENS: Piraeus Bank, Greece's fourth-largest lender, on Friday reported a 2.0 million euro ($2.79 million) profit in the first quarter, hurt by higher bad debt provisions and weak loan volumes.

Results were in line with market expectations.

Copyright Reuters, 2011

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