Eurobank on Wednesday reported net profit of 85 million euros in Q3 2016, up from 46 million in he previous quarter of the year, including a 55-million-euro gain on the sale of Eurolife ERB.
Specifically, the bank said net interest income grew by 0.3 pct on a quarterly basis to 389 million euros, slightly up from 388 million in Q2 2016. Net interest margin expanded to 2.24 percent from 2.19 percent over the same periods, respectively.
Net fee and commission income increased by 7.1 percent on a quarterly basis to 76 million euros in the third quarter, compared to 71 million in the second quarter. This increase was mainly due to lower expenses from pillar II bonds utilization. Net fee and commission income accounted for 44 basis points of total assets in this period, against 26 basis points the same quarter a year ago.
