S&P: Greek covered and securitised bonds rated investment grade for first time since 2011
Improving trends in property market highlighted by central bank
BoG report outlines benefits of surveillance and scenarios for debt
Piraeus enters agreement for sale of 2.2 bln loan portfolio
BoG Monetary Policy Report positive on programme end but advises caution for future targets
The race to reduce Greece's bad loans
NBG turns profitable in Q3, NPE stock drops further by 1 billion
National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
Similarly to the other two banks (Eurobank and Piraeus) that have released Q3 results so far, the key focus of this reporting period was on the asset quality evolution.
If you are already registered, please sign in.
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read four of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.€450.00
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.