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)
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Pope Francis named Time's Person of the Year
- Uruguay becomes first country to legalize marijuana trade
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls