BoG awaits go-ahead from DG Comp over NPL scheme
Eurobank’s NPL sales take major step with two transactions
Greek banks maintain focus on key areas as elections approach
Card usage gains traction with debit cards leading the way, BoG finds
Piraeus Bank issues Tier II bond to strong demand
NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
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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