ATHENS May 31 Alpha Bank, Greece's
fourth-largest lender by assets, was profitable in
January-to-March for a third straight quarter as provisions for
impaired loans declined.
Alpha, 11 percent owned by the country's bank rescue fund
HFSF, reported net profit of 48.1 million euros ($54.05
million), up from net earnings of 20.1 million in the fourth
quarter and broadly in line with expectations.
The bank's non-performing loans ratio was steady at 38.1
percent of its book at end-March.
Provisions for bad debt fell 19 percent quarter-on-quarter
to 247 million euros from 304 million in the fourth quarter.
($1 = 0.8900 euros)
(Reporting by George Georgiopoulos)