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NBG
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EconomyBanking
Lenders confident of being well-placed to overcome global banking sector turbulence Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
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EconomyBanking
NBG's total attributable profit rises to 1.12bln in 2022, up 29 pct National Bank of Greece (NBG) reported a profit after tax of 861 million euros in 2022, compared to a profit of 832 million euros in 2021, a rise of 6 percent.
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EconomyBanking Banks discover stress test assumptions, results due in July The European Banking Authority (EBA) announced this week the assumptions for this year’s stress tests. The process is expected to be completed in early summer, followed by the announcement of the results.
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EconomyBanking HFSF sets out bank divestment strategy, marking final chapter in turbulent story The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
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EconomyBanking
NBG reports 652 mln profit in 9M, core PPI up 14 pct National Bank of Greece (NBG) reported a profit after tax of 652 million euros from continued operations in 9M 2022, compared to a profit of 732 million euros in the same quarter of 2021, a drop of 11 percent.
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EconomyBanking Lower trading income for NBG keeps net profits at 490 mln in H1 National Bank of Greece (NBG) reported a profit after tax of 490 million euros from continued operations in H1 2022, compared to a profit of 645 million euros in the same quarter of 2021, a drop of 24 pct.
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EconomyBanking NBG profits narrow to 208 mln in Q1 National Bank of Greece (NBG) reported a profit after tax of 208 million euros from continued operations in Q1 2022, compared to a profit of 583 million euros in the same quarter of 2021, a drop of 64 pct.
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EconomyBanking NBG reports profits of 833 mln in 2021 National Bank of Greece (NBG) reported a profit after tax of 833 million euros from continued operations in 2021, compared to a profit of 590 million euros in 2020, improving by 41 pct.
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EconomyBanking
Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022 Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.
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EconomyBanking Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs In the closing weeks of the year, Greek systemic banks have maintained their efforts to tidy up their balance sheets and execute on their business plans, which foresee them reaching single digit NPEs by the end of next year.