Piraeus Bank says 9 month results positive

Greece's fourth largest lender, Bank of Piraeus will post "positive" results for the nine-month period, its president said.
Michael Sallas also shot down media reports that the bank was facing liquidity problems in the wake of the global credit crunch, as the Greek banking sector was not exposed to so-called "toxic bonds."
"Piraeus has high liquidity, above the level required by the Bank of Greece, while our deposits are increasing on a daily basis, which in the nine-month period surpassed a 45 percent rate of increase," Sallas said in the statement.
Last month, Piraeus Group said it did not posses any Lehmann Brothers bonds, nor did it maintain any other form of inter-banking placement. The lender said it would announce its nine-month results on Oct. 20.