Alpha Bank posts net loss of 10.9 mln in Q1
NBG results show net profits of 409 mln euros on strong trading income in Q1
BoG governor renews calls for launch of bad bank and ESM use
Exposure to tourism sector a concern for banks despite effort to save season
Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
Banks discuss with govt how to release up to 25 bln in emergency liquidity for businesses
National Bank reports 1.15 bln H1 profit on back of 1 bln deferred tax
National Bank’s reported net profit reached 1.15 billion euros in the first half (H1) of the year, from 343 million last year. It was the second Greek bank after Alpha, which released Q1 results on August 28.
This year’s results include one-off items of 1.04 billion euros largely due to the recognition of additional deferred tax asset (DTA) of 994 million. Excluding one-offs, net profit landed at 109 million in H1 from 311 last year, down 65 percent.
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