Europe’s Banks Get Profit Boost as Loan Books Prove Resilient

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Europe’s Banks Get Profit Boost as Loan Books Prove Resilient
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Most European banks beat profit estimates for the second quarter, with surprisingly robust loan portfolios providing a major boost to their earnings

’s credit provisions for the period were €281 million below the consensus estimate, the firm said Thursday, which lifted net income €122 million above

the forecast. Reporting the same day,set aside €286 million less for souring loans than predicted, contributing roughly two thirds to a massive profit beat.

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