National bank
announced its Q2/H1 results which came in line with market expectations.
Deviation in net earnings is attributed to a positive tax income (DTA) and other one-offs of €894m in Q2.
On an adjustment basis NBG net income in H1 is €109m. Pre – Provision income came at €828m vs €792m (+5%) a year ago.
Deviation in net earnings is attributed to a positive tax income (DTA) and other one-offs of €894m in Q2.
On an adjustment basis NBG net income in H1 is €109m. Pre – Provision income came at €828m vs €792m (+5%) a year ago.
The following table
summarises actual results vs market consensus.
|
Eur (mn)
|
2014
|
2014
|
Δ(%)
|
2013
|
Δ(%)
|
|
H1 Act.
|
H1 Est.
|
|
H1
|
|
|
|
NII
|
1.511,0
|
1.517,0
|
0%
|
1.609,0
|
-6,1%
|
|
Provisions
|
705,0
|
711,7
|
-1%
|
853,0
|
-17,4%
|
|
Net Earnings
|
1.146,0
|
221,3
|
418%
|
343,0
|
234,1%
|
Alpha Bank
announced its Q2/H1 results which came in line with market expectation.
Deviation in net earnings is attributed to a positive tax income of €419m in Q2.
On an adjustment basis Alpha net loss in H1 is €165.5m. Pre – Provision income
came at €578.1 vs €536m a year ago.
The following
table summarises actual results vs market consensus.
|
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