Greece's Eurobank posts higher Q1 profit

Eurobank SA

16/05/2024 15:21

May 16 (Reuters) - Eurobank  EURBr.AT , Greece's second
largest lender by market value, reported on Thursday first
quarter net earnings of 287 million euros ($311.68 million)
versus 237 million euros in the January-to-March period last
year.
    Net interest income rose by 13.7% from the first quarter of
2023 to 571 million euros, driven by loans, bonds and
international business.
    Net fee and commission income rose 4.9% to 136 million
euros.
    Eurobank's non-performing loan exposure ratio (NPE) stood at
3.0%, down from 5.1% at the end of March last year.  
    

($1 = 0.9208 euros)

 (Reporting by Antonis Triantafyllou in Gdansk; Editing by
Kirsten Donovan)
 ((Antonis.Triantafyllou@thomsonreuters.com;))