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First Quarter 2010 - Eurobank EFG Group financial results

10 June 2010.

Net profit to €61m or €16m after the one-off tax

  • Net profit to €61m or €16m after the one-off tax
  • Pre provision income grows 13%yoy to €411m
  • Central and South-East Europe turns profitable from loss making last year
  • Slight expansion of the loan book despite the moderate reduction in
  • deposits, due to the adverse macroeconomic environment
  • Group operating expenses drop 2%yoy and 8%qoq
  • Bad debt provisions increase and gross formation of past due loans declines
  • annually
  • Capital adequacy remains strong, with Core Tier I and Total Risk Asset Ratio
  • standing at 9.5% and 12.2% respectively