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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingGreek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
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NBG turns profitable in Q3, NPE stock drops further by 1 billion
EconomyBankingNational Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
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Government steps in as NBG row takes new twist
EconomyBankingJust one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (HFSF), things appear to be flaring up again at the lender.
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NBG elects chairman, HFSF calls time-out in dispute over management
EconomyBankingThe turmoil at the National Bank of Greece (NBG) caused by the dispute between the NBG top management and the Hellenic Financial Stability Fund (HFSF) over the new chairman at the bank seems to have temporarily ended on Wednesday.
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Deadlock at NBG over chairman appointment
EconomyBankingWhile it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).
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Alpha and NBG complete sales of hotels
EconomyBankingTwo of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.
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One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2
EconomyBankingNational Bank of Greece (NBG) recorded net losses of 3.06 billion in the second quarter (Q2) of 2016, fully attributed to a one-off loss of 3.1 billion involving the recycling of losses related to Finansbank that were previously recognised in other comprehensive income as well as in equity and capital.
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NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
EconomyBankingNational Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.
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NBG completes sale of Finansbank to Qatar National Bank
EconomyBankingNBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).
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Net profit of 87 mln for NBG in Q1
EconomyBankingNational Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago.