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  • Photo by MacroPolis NBG turns profitable in Q3, NPE stock drops further by 1 billion

    EconomyBanking

    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.

  • Photo by MacroPolis Government steps in as NBG row takes new twist

    EconomyBanking

    Just one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (HFSF), things appear to be flaring up again at the lender.

  • Photo by Panayotis Tzamaros/Fosphotos Deadlock at NBG over chairman appointment

    EconomyBanking

    While it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (NBG).

  • Photo by MacroPolis Alpha and NBG complete sales of hotels

    EconomyBanking

    Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.

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

    EconomyBanking

    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.

  • Photo by MacroPolis Net profit of 87 mln for NBG in Q1

    EconomyBanking

    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.

Results 1 to 10 out of 21.