Recurring earnings before taxes of 266 million were seen by Piraeus Bank in the first quarter of 2015, rising by 6% compared to the same period last year, and up by 7% compared to the last quarter.

The net interest income moved along the likes of 500 million euros, up 4% compared to last year and down by 2% compared to last quarter, due to the burden of the ELA use, which was – however- controlled through the further easing of the cost of timed deposits in Greece within the first quarter of 2015, at 183 units, compared to 206 units in the fourth quarter of 2014.

Net Income rose to 83 million euros in the first quarter, with a rise of 4% compared to last year. Financial uncertainty in the past few months affected commissions, which however, was quite resistant. Recurrent net operating income at 593 million euros, up by 3% compared to last year and down 2% compared to last quarter.

Recurring operating costs at 327 million, down by 9% compared to last quarter. Loan index of over 90 days was stable at 39% compared to December 2014.