Hellenic Bank posts €18m in after tax loss in first three quarters

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Hellenic Bank posts €18m in after tax loss in...
 © BusinessMail 2017
Hellenic Bank, the third-largest Cypriot lender, announced an after-tax loss of €17.8m in the first nine-months of 2017 compared to a €5m profit in the respective period of last year.

The worsening of profitability was mainly on an increase in provisions to €85.3m in January to September against €64.1m in provisions in the respective period of 2016, the lender said on Thursday. Net interest income dropped to €99.2m from €110.7m respectively.

The bank, which in July launched APS Debt Servicing, a joint venture with the Prague-based APS Holdings, to manage its non-performing loan...


Hellenic Bank posts €18m in after tax loss in first three quarters


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