Eurobank net profits decline by 22.5 pct in 2017, NPE reduction beats target

EconomyBanking Tags: Banking, Eurobank, NPLs
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In total, the management noted that NPE stock fell by 2.5 billion year-on-year (YoY) to 20.1 billion, which was ahead of the initial reduction target by roughly 700 million. For all of 2017, NPE formation stood at -687 million compared to positive formation of 909 million in 2016.  

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