ECONOMY

Marfin Popular Bank sees 50.6 pct profit dip

Marfin Popular Bank reported on Thursday a 50.6 percent year-on-year drop in first-quarter net profit of 20.6 million euros.

Present in Greece, the United Kingdom, Australia, Ukraine and Russia, the Cyprus-based lender said net interest income rose 3 percent year-on-year to 181.5 million euros.

Nonperforming loans in the January-March period rose 50 basis points to 8 percent, ?a well-below-the-sector-average increase,? the bank said in a statement.