Greece’s Eurobank posts 301-mln-euro loss in Q2
Greece’s third-largest lender by assets, Eurobank, reported a 301-million-euro loss in the second quarter as loan-loss provisions continued to weigh on its bottom line.
Analysts polled by Reuters were expecting the bank to post a loss of 238 million euros on average.
Eurobank, 35.4 percent-owned by Greece’s HFSF bank rescue fund, said credit loss provisions rose to 455 million euros in the second quarter from 419 million in the same period a year earlier.
Nonperforming loans rose to 31.8 percent of its loan book from 30.9 percent in the first quarter of 2014.
[Reuters]
