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Tuesday, May 21, 2013

Greeces Piraeus Bank posts Q1 profit on accounting gain

ATHENS | Mon May 20, 2013 10:36am EDT
ATHENS May 20 (Reuters) - Greece's second-largest lender Piraeus Bank on Monday reported sharply higher profit in the first quarter after booking an accounting gain for its acquisition of the Greek units of Cypriot banks.
The bank reported a net profit of 3.62 billion euros ($4.65 billion) compared to earnings of 46 million euros in the same ...

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