Financial Mirror dot com - Alpha Bank profit beats forecasts; to sell Ukraine subsidiary:
"Greece's third-largest bank Alpha swung to a net profit in the first half, helped by lower funding costs and rising income from lending.
The bank earned a net 2.73 bln euros ($3.6 bln) compared with a loss of 460 mln a year before, a result which topped an average 2.64 bln forecast in a Reuters poll and included a 2.6 bln accounting gain from its takeover of peer Emporiki.
Alpha would have swung to a profit even without the Emporiki gain, helped by lower funding costs, mainly due to reduced recourse to costly emergency funding from the Greek central bank. "
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