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Hellenic Bank sees profit of €40 million after tax for nine-month period
December 2, 2020
Hellenic Bank saw profit of €40 million after tax in the first nine months of this year (to September 30), according to a statement released on Tuesday.
Analysts welcomed this improved performance given the pressure of de-risking the balance sheet and the parlous economic conditions in the pandemic. Profit for the third quarter was at €22.3 million, up 12 per cent from the previous quarter’s €19.9 million.
Revenue for the period was at €284.1 million, down slightly from €300.8 million in the previous year.