National Bank of Greece – Profits increases 34% to 622 million euros

National Bank of Greece (NBG) group reported increased net profits of 34 percent, yoy, or 622 million euros in absolute terms, for H1 2021.

The result corresponds with a recovery in profits from the lender’s primary banking activities and a continued improvement in containing operating costs.

In a written statement, NBG CEO Pavlos Mylonas said the half-year improvement in results brings the group closer to its target, namely, repeated annual profits of 500 million euros, or, increased equity of around 9 percent for the following year.

The full results are here:

NBG_2Q21_Results_Presentation _vF.pdf