NBG turns prof­itable in third quar­ter of year

Kathimerini English - - Focus -

Na­tional Bank of Greece (NBG) turned prof­itable in the third quar­ter, helped by im­prov­ing core in­come and lower bad debt pro­vi­sions. Na­tional Bank, which is 40 per­cent owned by the coun­try’s bank res­cue fund HFSF after its re­cap­i­tal­iza­tion late last year, re­ported yes­ter­day a net profit of 23 mil­lion eu­ros, ex­clud­ing as­sets held for

Yields tum­ble. Greek bond yields are at the low­est level of the last seven months, as in­vestors ex­pect a swift con­clu­sion to the sec­ond re­view. Yes­ter­day the bench­mark 10year bond saw its yield drop to 6.8 per­cent, hav­ing been at 8 per­cent in early Novem­ber. The three-year yield fell to 6.7 per­cent, from 8.4 per­cent three weeks ago.

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