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NBG
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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.
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EconomyBanking
NBG profits up to 714 mln in 9M as NPE ratio is reduced further National Bank of Greece (NBG) reported a profit after tax from continuing operations of 714 million euros in the nine months of the year (9M), compared with a profit of 602 million euros in the same period of 2020, improving by 19 pct.
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EconomyBanking
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.
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EconomyBanking Banks moving at pace on road to recovery The momentum of positive developments in the Greek banking sector is growing as systemic lenders appear to be leaving behind them, with gradual but steady steps, the legacy issues of the decade-long debt crisis that damaged their balance sheets.
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EconomyBanking
Hercules APS delivers largest ever quarterly NPE reduction as ratio drops to 21.3 pct in Q2 The Bank of Greece has released the latest data on non-performing loans for the second quarter of the year. It shows the NPE ratio standing at 21.3 pct - a level not seen in several years.
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EconomyBanking NBG increases profits in H1 as it progresses with NPE clean up National Bank of Greece (NBG) reported a profit after tax from continuing operations of 622 million euros in the first half (H1), compared with a profit of 465 million euros in the same period of 2020, a rise of 34 pct.