NBG reports net losses in Q2, NPEs down for fifth straight quarter

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

National Bank of Greece (NBG) reported net losses of 13 million euros in the second quarter (Q2) of 2017 reversing the profits of 13 million in Q1, which resulted in a break-even bottom-line result for the first half (H1) of the year.

The Q2 result includes a loss of 52 million from continued operations, a loss of 97 million from discontinued operations and an one-off capital gain of 144 million from the sale of National Insurance. The discontinued operations relate to NBG’s subsidia...

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