You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Greece's Alpha Bank pre-tax loss in Albania plunges in Q1 - table

Author Nina Byalkova
Greece's Alpha Bank pre-tax loss in Albania plunges in Q1 - table

TIRANA (Albania), May 30 (SeeNews) – Greece's Alpha Bank said on Friday its pre-tax loss from operations in Albania fell 133.6% on the year to 200,000 euro ($272,100) in the first quarter of 2014.

The group's loan market share in Albania amounted to 8.9% at the end of March while its non-performing loans ratio stood at 24.4%, Alpha Bank said in a quarterly financial report.

The group had 42 branches and 390 employees in Albania at the end of March.

Following are details about Alpha Bank's performance in Albania (in millions of euro):

  Q1'14 Y/Y change
Pre-tax profit -0.2 -133.6%
Operating income 4.5 0.3%
Impairment losses 1.4 147.2%
Loans 370 -1.0%
Deposits 484 6.3%

($=0.7349 euro)

Compare