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Eurobanks reports robust operating results for 2016

29 March 17 - RE+D Magazine
Eurobanks reports robust operating results for 2016

COMPANIES

Eurobank Property Services

Consultant - GREECE

IBI Group

Consultant - GREECE

Solum Property Solutions

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group

Dimitris Andritsos

CEO of Eurobank Property Services S.A Eurobank Property Services
Eurobank returned to profitability in 2016, recording robust operating results, with net profit standing at 230 million euros, against losses of 1.2 billion euros in 2015, while fourth quarter 2016 bottom-line result reached 38 million euros. In more detail, net interest income increased by 5.8 pct year-on-year to 1,548 million euros, driven by the reduction in Eurosystem funding cost, while it was stable on a quarterly basis to 389 million. Net interest margin expanded on an annual basis by 23 basis points to 2.25 pct.

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