The pre-tax result was a loss of €624m for Q2 17 versus a profit of €302m for Q2 16. Net interest income was down by 23% to €1.04bn for Q2 17 compared to Q2 16. Loan loss provisions decreased by 11% to €167m in Q2 17. Commission income was unchanged at €779m in Q2 17. Trading income was €204m for Q2 17 compared to a loss of €73m for Q2 17. Total revenues declined by 7% to €1.9bn in Q2 17 compared to Q2 16. Administrative expenses were down by 1.4% to &e
02 Aug 2017
Significant loss for Q2 as expected after a profit warning in June
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Significant loss for Q2 as expected after a profit warning in June
The pre-tax result was a loss of €624m for Q2 17 versus a profit of €302m for Q2 16. Net interest income was down by 23% to €1.04bn for Q2 17 compared to Q2 16. Loan loss provisions decreased by 11% to €167m in Q2 17. Commission income was unchanged at €779m in Q2 17. Trading income was €204m for Q2 17 compared to a loss of €73m for Q2 17. Total revenues declined by 7% to €1.9bn in Q2 17 compared to Q2 16. Administrative expenses were down by 1.4% to &e