ATHENS May 24 Piraeus Bank was in the
red for a second straight quarter in January-to-March with lower
provisions for impaired loans helping to narrow its loss,
Greece's largest lender by assets said on Wednesday.
Piraeus, which is 26.2 percent owned by the country's bank
rescue fund HFSF, reported a net loss of 6 million euros ($6.71
million) after a net loss of 12 million euros in the fourth
The group, with a current market value of 2.02 billion
euros, said bad debt provisions fell to 258 million euros in
January-to-March from 310 million in the fourth quarter.
Non-performing loans edged up to 37.8 percent of its book at
the end of March from 37.5 percent in the previous quarter.
($1 = 0.8937 euros)
(Reporting by George Georgiopoulos)