Eurobank returned to the “black” in 2021, attributing its recovery to lower provisions for troubled loans and higher income from commissions.
In a press release on Thursday, the Athens-based systemic lender reported net profits of 424 million euros, compared to losses of 1.215 billion euros in 2020.
“Completing our balance sheet clean-up plan, we were the first systemic bank with a single-digit NPE ratio of 6.8 percent, a turning point for Greece’s banking system after a 10-year financial crisis,” Eurobank CEO Fokion Karavias said, referring to the NPE ratio.
The entire press release is here:
4q2021-results-pr-en.pdf (eurobankholdings.gr)
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