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NBG
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EconomyBanking
NBG makes profit of 20 mln in Q1, NPE stock falls again National Bank of Greece (NBG) reported a net profit of 20 million euros from continued operations in the first quarter (Q1), reversing the loss of 60 million euros in Q4.
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EconomyBanking
Banks focus on defining challenge of reducing NPEs Having breathed a sigh of relief following the conclusion of the stress test exercise, which did not indicate any need for raising significant additional capital, Greek banks can now continue without any distractions to tackle the major challenge of de-risking their balance sheets by reducing the number of non-performing exposures (NPEs).
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EconomyBanking
Bank stress tests find no capital needs, clearing path for MoU exit The European Central Bank’s (ECB) Banking Supervision announced on Saturday the results of the 2018 stress tests for Greece’s four systemic banks following the same methodology and approach as the EU-wide EBA exercise.
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EconomyBanking NBG reports net loss of 163 mln in 2017, bad loans continue to fall National Bank of Greece (NBG) reported a net loss of 60 million euros in the fourth quarter (Q4) of 2017 from continued operations, deepening from the loss of 44 million in Q3.
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EconomyBanking
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter National Bank of Greece (NBG) reported a net loss of 35 million euros in the third quarter (Q3) of 2017, slowing from a loss of 156 million euros in Q2.
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EconomyBanking NBG steps back into markets with 750 mln covered bond issue The National Bank of Greece (NBG) has become the first Greek bank to venture back into the international bond market with the successful issue of a covered bond which raised 750 million euros.
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EconomyBanking
NBG reports net losses in Q2, NPEs down for fifth straight quarter National Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2) of 2017 reversing the profits of 13 million in Q1, which resulted in a break-even bottom-line result for the first half (H1) of the year.
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EconomyBanking NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
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EconomyBanking NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter The National Bank of Greece (NBG) posted net profits of 5 million euros in the first quarter (Q1) of 2017, compared to 73 million in the previous quarter.
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EconomyBanking
NBG records net profits of 73 mln in Q4, turns profitable for whole year National Bank of Greece (NBG) remained profitable in the fourth quarter (Q4) of 2016, with net profits of 73 million euros from 6 million in the previous quarter.