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Attica Bank Q2 Groups Net Profit Up 55.6%

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Attica Banks H1 2009 group net profits amounted to €2.42m, the bank announced, sharply down from €12.08m in H1 2008.

Still, it is noted that Q2 2009 group net profits showed significant improvement to €5.36m +56%yoy.

H1 2009 net interest income stood at €45.3m –15% yoy while commission income shaped at €16.7m –14%yoy.

The bank reported also trading gains of €2m vs. trading losses of €725K the year before.

Operating expenses increased by 13%yoy while provisions dropped by 9.7%yoy.

Net loans increased by 6.63%ytd to €3.6bn and were outpaced by deposits growth of 17.25%ytd to €3.4bn. 
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