Reuters logo
Greece's Eurobank posts quarterly loss, bad loan provisions weigh
May 14, 2015 / 2:42 PM / 2 years ago

Greece's Eurobank posts quarterly loss, bad loan provisions weigh

ATHENS, May 14 (Reuters) - Greek lender Eurobank posted another quarterly loss on Thursday as provisions for impaired loans and weak interest income weighed on its bottom line.

Greece’s third-largest lender by assets, which is 35.4 percent owned by the country’s HFSF bank rescue fund, said its loss narrowed to 94 million euros ($107 million) from 524 million euros in the October-to-December period.

Credit loss provisions fell 59.2 percent quarter-on-quarter to 303 million euros. Non-performing loans rose to 34 percent of its loan book from 33.4 percent in the fourth quarter of 2014.

US dollar = 0.8776 euro) (Reporting by George Georgiopoulos, editing by Deepa Babington)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below