Attica Bank reports pre-provision earnings of 6.8 mln euros

Attica Bank on Thursday said its pre-tax and pre-provisions earnings totaled 6.8 million euros in the first half of 2018, from 8.4 million euros in the same period last year, negatively affected by lower contribution of net commission revenue.

The bank, in an announcement, however, said it expected a further improvement in the second half of 2018 due to the impact of a voluntary exit program. Payroll costs were 11.2 pct up in the first half, while general operating expenses –pre-provisions- were slightly up compared with the same period last year.