ATHENS: Piraeus Bank narrowed its losses in the first quarter, helped by a sharp drop in provisions for impaired loans, it said on Wednesday. Greece’s largest lender by assets reported a loss of €37 million (US$41 million) after a net loss of €1.24 billion in the last quarter of 2015, Reuters said.
Piraeus is 26.2 percent owned by Greece’s bank rescue fund HFSF after its recapitalization late last year.
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