Net profit of 87 mln for NBG in Q1

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

National Bank of Greece (NBG) posted net profit of 87 million euros in the first quarter (Q1) of 2016 from a loss of 2.05 billion in Q4 and 159 million a year ago.

Core pre-provision income (PPI) rose 21 percent quarter on quarter (QoQ), mainly reflecting lower costs related to pillar II bonds and reduced operating expenses.

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