One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2

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

National Bank of Greece (NBG) recorded net losses of 3.06 billion in the second quarter (Q2) of 2016, fully attributed to a one-off loss of 3.1 billion involving the recycling of losses related to Finansbank that were previously recognised in other comprehensive income as well as in equity and capital.

Excluding this extraordinary item, net losses stood at 26 million in Q2 from profits of 26 million in Q1.

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