The New Bank (NB) announced late on Monday the first-half results, which show a loss of 271.6 million euros. No impairment losses and provisions, the results of the institution had been positive at EUR 17.7 million.
to force the bank to strengthen provisions was among diamonds, the devaluation of participation in Pharol (formerly PT) and Hi (55.4 million euros). The ratio of provisions / overdue loans over 90 days stood at 113.7% and the ratio provisions / credit risk stood at 67.9% (excluding collateral) and the ratio provisions / Loans to customers “is 13, 7%.
In a “challenging” context, first by the sale of the institution, the NB notes that deposits registered an increase of 2.3 billion euros over at the end of 2014. Compared to the beginning of activity, August 4, 2014, the NB managed to capture customer deposits totaling EUR 4.3 billion, record that in view of the institution reflects “the restoration of confidence customers, reversing the outflows cycle both private individuals and companies registered by the end of Q3 2014. “
The information sent to the Portuguese Securities Market Commission (CMVM) reveals that the financial results and to service customers amounted to 214.7 million euros and 193.2 million euros respectively, with commercial banking income to stand at 407.9 million euros. Net interest income was negatively impact by write-off of interest from the majority of large transactions made before the resolution, amounting to EUR 103 million before taxes. The CET 1 capital ratio was, on June 30, 2015, of 9.4%, not yet reflecting the deconsolidation of BESI.
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