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National Bank of Greece SA (NBG)

  • Nov. 6, 2014, 7:21 PM
    • National Bank of Greece SA (NYSE:NBG): Q3 net profit of €30M.
    • Core revenue of €960M.
    • Press Release
    | Nov. 6, 2014, 7:21 PM | Comment!
  • Aug. 29, 2013, 10:58 AM
    • National Bank of Greece (NBG +3.7%) posts a H1 profit of €344M vs. a loss of €1.9B a year ago. After adjustments, H1 profit was €312M and Q2 operating income covered provisions for the first time in more than 2 years.
    • Operating costs in Greece fell 6%, with a 12% reduction in staff expenses. Operating expenses are now 23% lower than in 2010.
    • Provisions of €853M fell from €1.2B a year ago. Provisions foot to 56% of loan impairments, the highest among Greek lenders.
    • Liquidity improves with group deposits up 10%, including an 11% rise in Greece. Eurosystem funding reduced by €5.4B since the start of the year.
    • Capital ratio of 9.2%.
    | Aug. 29, 2013, 10:58 AM | 6 Comments
Company Description
National Bank of Greece provides financial services. It include retail & commercial banking, investment management, investment banking, insurance, investment activities and securities trading.
Sector: Financial
Country: Greece