Eurobank reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016

EconomyBanking Tags: Banking, Eurobank
Photo by MacroPolis
Photo by MacroPolis

Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.

The previous quarter positive bottom-line result in fully attributed to non-recurring items, primarily the positive impact of 432 million from the change in the nominal tax rate from 26 to 29 percent on deferred tax asset (DTA).

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