Eurobank records net loss of 207.4 mln in Q1

EconomyBanking Tags: Banking, Eurobank

Eurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros in Q1 2014 from 913.1 in Q4 2013.

The lower loss reflects an improvement in pre-provision income (PPI) by 9 percent quarter on quarter (QoQ), a drop in impairment losses by 26 percent and eliminating negative one-off items, which shank to 18 million in Q1 from 575 million in Q4.

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