The group posted a €54m quarterly loss driven by the ongoing NPL coverage catch-up. The pre-provisions performance proved particularly encouraging but the weak capital position deteriorated further.
10 Nov 2016
Encouraging pre-provision performance, coverage catch-up, weak equity position
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Encouraging pre-provision performance, coverage catch-up, weak equity position
Banco Comercial Portugues S.A. (0RJN:LON) | 0 0 0.0%
- Published:
10 Nov 2016 -
Author:
David Grinsztajn -
Pages:
2
The group posted a €54m quarterly loss driven by the ongoing NPL coverage catch-up. The pre-provisions performance proved particularly encouraging but the weak capital position deteriorated further.