Edition 1453
09 December 2017
Edition: 1453

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Novo Banco losses up almost 10 percent

by TPN/ Lusa, in Business · 23-11-2017 15:03:00 · 0 Comments

Portuguese bank Novo Banco said on Monday that it lost €419.2 million in the first nine months of the year, 8.9 percent more than it managed to lose last year.

Novo Banco losses up almost 10 percent

It then went on to say that “Novo Banco had a pre-tax loss of €355.6 million, which was actually 34.7 percent better than in the same period last year, but given the decision not to record additional tax deferrals, the net loss was €419.2 million.
The bank told the Portuguese Stock Exchange Commission (CMVM) it had an operating profit of €207.6 million, “slightly less than the €217.7 million seen in the first three quarters of last year”.

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Edition 1453
09 December 2017
Edition: 1453

Read this week's issue online exactly as it appears in print.

Twitter