{
Fernando Vicario

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001122334455554433221100

bank of america europe reports profit dip amid rising costs and provisions

Bank of America’s European banking unit in Dublin reported a 4.2% decline in pretax profit to $1.76 billion in 2024, impacted by an impairment charge and rising staff costs. Net interest income increased by 13% to $1.23 billion, driven by higher customer deposits, while net fee and commission income rose to $468 million. The bank set aside $90 million for potential bad loan losses, reversing a previous year’s provision release, as it continues to navigate a challenging economic environment.
The Irish Times
Euro United States Dollar Bank of America Corporation IRL Fernando Vicario
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07:01 02.04.2025
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