Clearer picture emerging ahead of stress tests, banks appear confident
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Banks enhance steps to deal with NPLs ahead of stress test
National Bank starts 2014 posting net profit of 181 mln in Q1
National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent).
Even excluding several positive one-off items mainly related to deferred tax asset, the bank posted operating profit (before tax) at 76 million from 34 million in Q4 2013 and loss of 76 million in Q1 2013.
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