BoG sees ample capital space for banks to sell bad loans
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
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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