Busy Q2 for securitisations sees rise in bad loans managed by servicers
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
NBG increases profits in H1 as it progresses with NPE clean up
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
ECB clears banks after stress tests, approves change to DTCs as momentum builds
Alpha Bank buoyed by 800-mln-euro share capital raise
National Bank starts 2014 posting net profit of 181 mln in Q1
National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent).
Even excluding several positive one-off items mainly related to deferred tax asset, the bank posted operating profit (before tax) at 76 million from 34 million in Q4 2013 and loss of 76 million in Q1 2013.
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