Reuters logo
Greece's National Bank posts H1 profit, beats forecasts
August 29, 2013 / 2:37 PM / 4 years ago

Greece's National Bank posts H1 profit, beats forecasts

ATHENS, Aug 29 (Reuters) - National Bank (NBG), Greece’s largest lender by assets, reported a profit in the first half, helped by its Turkish subsidiary Finansbank, lower funding costs and provisions for bad debt.

The group posted net profit of 344 million euros ($458.91 million), above analyst estimates. Analysts polled by Reuters were expecting net earnings of 125 million euros on average.

NBG said loan-loss provisions fell to 853 million euros in the first half from 1.2 billion in the same period last year. ($1 = 0.7496 euros) (Reporting by George Georgiopoulos)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below