Addiko Bank today released its consolidated 2016 financial report. In its first full year under new ownership, 2016 results reflect a significant positive turn-around in business performance and growth in key strategic business segments. The Group’s post-tax result for 2016 including one-offs amounted to EUR -23.9 million (2015: EUR -675.2 million), with break-even in sight for 2017. The one-off adjusted year end result of EUR -37.5 million (2015: - 71.1 million) is mainly influenced by the conclusion of the Swiss Franc indexed loans conversion in several markets and provisions in the context of legislative risks and reflects normalized risk cost of 90bp on the overall portfolio. The one-off adjusted operating profit improved to a positive EUR +4.9 million (2015: -28.2 million), reflecting achieved targets in revenues and costs as well as the sale of non-core banking assets.