The race to reduce Greece's bad loans
NBG makes profit of 20 mln in Q1, NPE stock falls again
Alpha Bank posts net profits of 65.2 mln in Q1, NPEs fall for fifth quarter
Eurobank net profits at 34.5 mln in Q1
Piraeus Bank sells first real-estate backed NPE portfolio worth 1.95 bln
Banks focus on defining challenge of reducing NPEs
NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation
Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.
As a result of the higher income - compared to cost - growth, the pre-provision income improved by 17.9 percent QoQ to 421 million.
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