NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece

EconomyBanking Tags: Banking, NBG, NPLs
Photo by MacroPolis
Photo by MacroPolis

National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.

The most marked increase in NPL formation was recorded in mortgages and corporate loans, while the deteriorating trend was mostly evident in July and smoothed out or even reversed in August and September.

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