Europe

DVB announces loss for first nine months of 2016

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DVB announces loss for first nine months of 2016

DVB Bank has posted a consolidated net loss before taxes of €27.3 million for the first nine months of 2016 compared to a net income of €92.2 million in the prior-year period. The bank attributed the performance to the fact that the allowance for credit losses rose to €156.9 million compared t...

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