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Greece's Eurobank grows Q2 profit as loan-loss provisions ease
August 30, 2017 / 2:56 PM / 3 months ago

Greece's Eurobank grows Q2 profit as loan-loss provisions ease

ATHENS, Aug 30 (Reuters) - Eurobank’s net profit rose slightly in April-to-June compared to the first quarter as provisions for impaired loans eased, Greece’s third-largest lender by assets said on Wednesday.

Eurobank, which is 2.4 percent owned by the country’s HFSF bank rescue fund, reported net earnings of 40 million euros ($47.6 million) after profit of 37 million euros in the first quarter.

Credit loss provisions fell 2.4 percent quarter-on-quarter to 184 million euros from 188 million in the first quarter. Non-performing loans dropped slightly to 34.6 percent of its book from 34.8 percent at the end of March. ($1 = 0.8399 euros) (Reporting by George Georgiopoulos)

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