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
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ATHENS: 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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