Eurobank records 40 mln net profits in Q2 and third quarter of negative NPE formation

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

Eurobank remained profitable in the second quarter (Q2) of 2017, with net profits slightly increasing to 39.7 million euros Q2 from 36.5 million in the previous quarter.

As a result, the bank reported a positive bottom-line result of 76.3 million euros in the first half (H1) of the year, down by 28.3 percent from last year’s figure of 106.5 million.

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