The pre-tax result was a loss of €255m for Q3 16 versus a profit of €401m for Q3 15. Net interest income was down by 13% to €1.14bn for Q3 16 compared to Q3 15. Loan loss provisions increased by 88% to €275m in Q3 16. Commission income declined by 4% to €777m in Q3 16. Trading income increased by 25% to €367m for Q3 16 compared to Q3 15. Total revenues declined by 5% to €2.2bn in Q3 16 compared to Q3 15. Administrative expenses were down by 1.6% to €1.7
04 Nov 2016
Q3 loss as warned due to restructuring 4.0
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Q3 loss as warned due to restructuring 4.0
The pre-tax result was a loss of €255m for Q3 16 versus a profit of €401m for Q3 15. Net interest income was down by 13% to €1.14bn for Q3 16 compared to Q3 15. Loan loss provisions increased by 88% to €275m in Q3 16. Commission income declined by 4% to €777m in Q3 16. Trading income increased by 25% to €367m for Q3 16 compared to Q3 15. Total revenues declined by 5% to €2.2bn in Q3 16 compared to Q3 15. Administrative expenses were down by 1.6% to €1.7