National Bank of Greece (NBG -13%) reports a H1 loss of €1.3B after taking a write-down of...

|By:, SA News Editor

National Bank of Greece (NBG -13%) reports a H1 loss of €1.3B after taking a write-down of €1.65B on its holdings of Greek paper. Street Insider reports the CEO as saying the bank is examining strategic moves. Shares jumped more than 30% yesterday on the merger of Greece's 2nd and 3rd largest lenders.