NBG turns profitable in third quarter of year
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.