March 28, 2018 / 2:47 PM / in a month

Greece's National Bank widens loss in Q4, bad debt provisions rise

ATHENS, March 28 (Reuters) - Greece’s second largest lender by assets National Bank (NBG) reported increased losses in October-to-December compared to the third quarter as bad debt provisions rose.

NBG, 40 percent owned by the country’s bank rescue fund HFSF, on Wednesday reported a net loss from continued operations of 60 million euros ($74.1 million) versus a net loss of 44 million euros in the third quarter.

NBG said loan impairments rose 29 percent quarter-on-quarter to 200 million euros while its ratio of non-performing exposures (NPEs), which includes non-performing loans and other credit likely to turn bad, edged lower to 44 percent from 44.9 percent in December 2016. ($1 = 0.8099 euros) (Reporting by George Georgiopoulos)

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