Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

Eurobank 9-month net profit rises on strong interest income, fees

By Reuters News

ATHENS, Oct 29 (Reuters) - Eurobank EURBr.AT, Greece's largest lender by market value, on Thursday reported higher profit for the first nine months of the year, driven by rising net interest income and net fee and commission incomes.

Reported net earnings came in at €1.16 billion ($1.29 billion) in the January-to-September period, up 12.4% from the €1.03 billion it reported last year.

  • Net interest income in 9-month to September up 8.7% year-on-year to €2.06 billion

  • Net fee and commission income rose 13% to €630 million.

  • Loans grew organically by €3.8 billion, up 10.5% year-on-year

  • Assets under management rose 22.3% year-on-year or by €1.5 billion

  • Non-performing exposure ratio improved to 2.4% from 2.8% a year earlier

  • CEO Fokion Karavias said the bank will distribute an interim dividend of 5.99 cents per share on November 26

($1 = 0.8971 euros)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.