Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise

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Eurobank posts loss of 94.4 mln in Q1 as NPLs, Eurosystem funding rise

EconomyMacroeconomy 15/05/2015 - 00:45 Tags: Banking, BoG, Eurobank, Liquidity, NPLs

Eurobank kicked off Greek banks’ reporting season for the first quarter (Q1) of the year by announcing a net loss of 94.4 million from 207 million in Q1 2014 and 523.7 million in Q4.

Note, though, that Q4 results were burdened by significantly higher loan loss provisions and other impairments.

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