Amounts in millions euro
1 Jul to
30 Sep
1 Jul to
30 Sep
%
change
1 Jan to
30 Sep
1 Jan to
30 Sep
%
change
Operating income 29.3 16.5 -43.81% 97.3 64.5 -33.74%
Operating expenses -32.2 -29.6 -8.19% -102.8 -91.9 -10.64%
Operating results before
provisions -2.9 -13.1 -5.5 -27.4
Provisions -180.6 -16.8 -377.2 -88.0
Impairment of assets 0.2 0.1 -2.6 -2.1
Impairment of GGB -149.5 0.0 -230.1 -15.3
Result before taxes -332.8 -30.0 -615.4 -132.9
Net result - Geniki Bank -326.9 -28.8 -601.3 -81.0
Net result - Group -333.7 -30.0 -617.8 -88.8
%
Amounts in millions euro Dec 2011 Sep 2012
change
In a difficult economic environment, provisions for the non performing loans and other provisions, amounted to 88.0 million EUR, display a decrease of 76.7% compared to the related period of 2011.
The net loss of the Group amounted to 88.8 million EUR, compared to a net loss of 617.8 million EUR, of the same period of 2011.
As at September 30, 2012, loans and advances to customers amounted to 2,0 billion EUR, presenting a decrease of
23.84 % compared to December 2011.
As at September 30, 2012, the deposits and the repos amounted to 2,0 billion EUR, displaying an increase of 10.05
% compared to December 2011.
Geniki Bank announced that, on 19.10.2012, SOCIETE GENERALE entered into a definitive agreement with Piraeus
Bank for the sale of its participation of 99.08% in Geniki Bank.
The aquisition has been accomplished on December 14, 2012 and Piraeus Bank became the controlling shareholder of
Geniki Group.
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