Piraeus Bank announced its repeated pre-tax and provision earnings totaled 275 million euros in the second quarter of 2015 during its statement on Wednesday. This means that profits are 2% up on a quarterly basis, while first quarter profits totaled 545 million euros, up 11% compared with the same period last year.

Net interest income totaled 472 million euros in the second quarter, down 4% from the previous quarter, while net commission income totaled 79 million euros in the same period, down from 81 million in the first quarter. Net operating revenue totaled 589 million euros, up % on a quarterly basis, while repeated net operating revenue grew 4% pct to 1.185 billion euros.

The non-performing loan rate was 39.4% at the end of June 2015, while new NPLs fell to 111 million euros in the second quarter from 264 million in the first quarter. Deposits totaled 38.8 billion euros, of which 35.1 billion in Greece. Funding through the Eurosystem totaled 37.3 billion euros in June, from 30.3 billion in May, of which 22.2 billion euros from the ELA mechanism.

Pre-provision loans totaled 70 billion euros in June, of which 64.2 billion in Greece, down from 70.6 billion in March 2015.