BUSINESS

Eurobank’s Q3 profit at 61 million euros

TAGS: Banking, Finance

Eurobank’s third-quarter net profit came to 61 million compared to 37.3 million in the second quarter as provisions for impaired loans remaining broadly flat, Greece’s third-largest lender by assets said on Thursday.

The company said the figure was before discontinued operations and restructuring costs from planned disposal of assets in Romania. Taking that into account, the bank reported a 15.3-million-euro loss for the third quarter of the year.

Nonperforming loans stood at 35.2 percent of its book at the end of September.

Credit loss provisions fell 2.4 percent quarter-on-quarter to 178 million euros from 182 million in the second quarter.

[Reuters]

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