NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation

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

Following Eurobank and Piraeus, National Bank of Greece (NBG) published on Wednesday its trading update for the second quarter (Q2), providing the evolution of the key P&L and balance sheet items, excluding those related to loan provisions, after tax earnings and capital.

As a result of the higher income - compared to cost - growth, the pre-provision income improved by 17.9 percent QoQ to 421 million.

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