Reuters logo
BRIEF-DVB Bank swings to consolidated net loss of 138.7 mln euros in FY
March 2, 2017 / 5:24 PM / in 9 months

BRIEF-DVB Bank swings to consolidated net loss of 138.7 mln euros in FY

March 2 (Reuters) - DVB Bank SE:

* Reported a consolidated net loss before taxes of 135.3 million euros ($142.20 million) for 2016 (previous year: consolidated net income of 46.1 million euros)

* Since DVB Bank SE, parent company of DVB Bank Group, did not generate a net retained profit during financial year, no dividends will be paid

* FY net interest income rose by 13.8%, from 183.7 million euros to 209.0 million euros, due to new business originated

* FY net interest income after allowance for credit losses was down from 42.2 million euros to -172.4 million euros

* FY net fee and commission income developed favourably, rising by 15.4% to 119.2 million euros (previous year: 103.3 million euros

* FY consolidated net income/loss (after taxes) amounted to -138.7 million euros(previous year: 45.6 million euros) Source text for Eikon: Further company coverage: ($1 = 0.9515 euros) (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below