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NBG
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EconomyBanking
NBG turns profitable in Q3, NPE stock drops further by 1 billion National Bank of Greece (NBG) turned profitable again in the third quarter (Q3) of 2016 with a positive bottom-line result of 16 million from losses of 3.06 billion in Q2, which fully reflected a one-off loss of 3.1 billion related to the recycling of Finansbank’s losses that were previously recognised in other comprehensive income.
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EconomyBanking
Government steps in as NBG row takes new twist Just one day after the election of the new chairman at the National Bank of Greece (NBG), which was seen as providing respite in the recent dispute between the NBG top management and the bank’s major shareholder, the Hellenic Financial Stability Fund (HFSF), things appear to be flaring up again at the lender.
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EconomyBanking
NBG elects chairman, HFSF calls time-out in dispute over management The turmoil at the National Bank of Greece (NBG) caused by the dispute between the NBG top management and the Hellenic Financial Stability Fund (HFSF) over the new chairman at the bank seems to have temporarily ended on Wednesday.
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EconomyBanking
Deadlock at NBG over chairman appointment While it is widely acknowledged that the key challenge for Greek banks going forward is tackling the huge stock of non-performing exposures (NPEs), a new complication emerged over the past few days regarding the appointment of a new chairman at National Bank (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.