Net interest income increases 2.5% to EUR 96.0 million (Q3 2019: EUR 93.6 million)
Settlement of claims and risk provision amounts to EUR 48.8 million (Q3 2019: EUR 32.2 million) as a result of the corona pandemic and IFRS 9 provisions

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GRENKE AG reinforces Board of Directors and integrates franchise system

Franchise companies to be integrated into the Consolidated Group in the upcoming 12 to 18 months
Board of Directors to be expanded to include a Chief Risk Officer (CRO) responsible for the areas of risk control, legal and compliance

Q3 2020: GRENKE increases net interest income year-on-year despite the corona pandemic

Net interest income increases 2.5% to EUR 96.0 million (Q3 2019: EUR 93.6 million)
Settlement of claims and risk provision amounts to EUR 48.8 million (Q3 2019: EUR 32.2 million) as a result of the corona pandemic and IFRS 9 provisions

More information

GRENKE AG reinforces Board of Directors and integrates franchise system

Franchise companies to be integrated into the Consolidated Group in the upcoming 12 to 18 months
Board of Directors to be expanded to include a Chief Risk Officer (CRO) responsible for the areas of risk control, legal and compliance

More information

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