ATHENS, Greece--(BUSINESS WIRE)-- Piraeus Financial Holdings: TPEIR: Piraeus increases its net profit in Q3 by 15% yoy, to €320mn Robust profitability Best-in-class operating efficiency 18% return over tangible book value 30% cost-to-core income €0.25 normalized earnings per share 2.7% NIM stable NII QoQ +11% net fee income YoY Capital generation Solid asset quality +1.3% QoQ 20% total capital ratio ...
The independent financial analyst theScreener just awarded an improved star rating to PIRAEUS FINANCIAL HOLDINGS (GR), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date January 11, 2...
Strategic plans on track – Management teams report good progress on strategic plans with most actions taking place on time and within budget. The swift implementation of the strategic plans transforms banks’ balance sheets and operations, on the one hand, while giving a strong signal to the market about their determination to return to normality as soon as possible, on the other. Significant divergence in Q3 2021 earnings – This was another quarter with several one-offs distorting the underlyi...
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