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NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
EconomyBankingNational Bank of Greece (NBG) reported a core profit after tax of 1.2 billion euros in 2023, compared to a profit of 474 million euros in 2022, a significant rise year-on-year.
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
EconomyBankingThe Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis to support the banking sector, completed last week the first round of sales of its stakes in the four systemic banks, realising record losses for the Greek state.
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
EconomyBankingThe Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.
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NBG's NII rises by 73 pct to 1.64 bln in 9M
EconomyBankingNational Bank of Greece (NBG) reported a core profit after tax of 855 million euros in 9M 2023, compared to a profit of 284 million euros in 2022, a significant rise year-on-year.
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Positive sentiment around banks continues to grow
EconomyBankingThis year’s positive story around Greek banks is gaining momentum as systemic lenders appear to be leaving behind them the troubled era of the debt crisis and the sector is recording solid profitability hinged on the ECB’s tightening of monetary policy.
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NBG's NII jumps 75 pct to 1.05 bln in H1
EconomyBankingNational Bank of Greece (NBG) reported a core profit after tax of 508 million euros in H1 2023, compared to a profit of 142 million euros in 2022, a significant rise year-on-year.
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NBG NII jumps 73 pct in Q1 to 497 mln
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 260 million euros in Q1 2023, compared to a profit of 360 million euros in 2022, a drop of 28 percent.
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Lenders confident of being well-placed to overcome global banking sector turbulence
EconomyBankingFollowing last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
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NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent.
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Banks discover stress test assumptions, results due in July
EconomyBankingThe European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.