Bank of Greece says NPE ratio up to 45.2 pct, provides more bad loan details
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
Bank branches fall in 2016, degree of concentration highest in EU
Alpha Bank posts net profits of 48.1 mln in Q1, Greek NPE formation turns slightly negative on write-offs
Piraeus Bank records net losses of 6 mln in Q1, further reduction in NPE stock
NBG net profits at 5 mln in Q1, NPEs drop for fourth straight quarter
National Bank follows other Greek lenders' by opting for capital increase
As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
NBG was the only Greek bank initially stressing on March 6 – the day Bank of Greece (BoG) disclosed Greek banks’ capital needs - that its capital plan “will address the capital needs without raising new equity capital”.
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