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Greece's Eurobank EFG Q1 net loss in Bulgaria falls 19.2% y/y – table

Author Nina Byalkova
Greece's Eurobank EFG Q1 net loss in Bulgaria falls 19.2% y/y – table

SOFIA (Bulgaria), May 30 (SeeNews) - Greece’s Eurobank EFG said its net loss fell by an annual 19.2% to 2.1 million euro ($2.9 million) in Bulgaria in the first quarter of 2014.

The bank's operating income in Bulgaria rose to 36.7 million euro in January-March from 32.5 million euro a year ago, the group said in its first-quarter financial report issued on Wednesday.

Following are details about Eurobank EFG's results in Bulgaria (in millions of euro):

  Q1'14 Q1'13*
Net profit -2.1 -2.6
Profit before tax before minorities -1.9 -2.4
Operating income 36.7 32.5
Gross loans 2,630 2,713
Deposits 2,387 2,232
Assets 2,976 3,186

*Figures from EFG Eurobank's financial statement for the first quarter of 2013 issued last year.

EFG Eurobank's retail network consisted of 179 branches across Bulgaria at the end of March, down from 186 a year ago. Its wholesale network had eight units at the end of March, flat on the year.

($=0.768 euro)

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