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NBG
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EconomyBanking
Alpha and NBG complete sales of hotels 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.
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EconomyBanking
One-off loss affects NBG’s P&L, NPE stock drops by 900 mln in Q2 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.
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EconomyBanking
NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007 National Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.
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EconomyBanking
NBG completes sale of Finansbank to Qatar National Bank NBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).
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EconomyBanking Net profit of 87 mln for NBG in Q1 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.
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EconomyBanking NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions NBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net losses of 2.05 billion euros from 401 million in Q3.
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EconomyBanking NBG boosts capital base by selling total stake in Finansbank National Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
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EconomyBanking NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.
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EconomyBanking National Bank reveals capital plan, which includes sale of whole Finansbank stake National Bank (NBG) revealed on Tuesday its capital plan to address the shortfall that emerged from the comprehensive assessment conducted by the ECB's Single Supervisory Mechanism (SSM).
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EconomyBanking NBG Q2 trading update shows higher pre-provision income, marked improvement in NPL formation 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.