ECONOMY

NBG’s Turkish subsidiary sees 30 pct Q1 profit drop

Finansbank AS, the Turkish lender owned by National Bank of Greece, said on Monday profit dropped 30 percent to 206.3 million liras ($114 million) in the first quarter.

Net income fell from 296.4 million liras in the same period of 2011, Finansbank said in a statement to the Istanbul Stock Exchange.

[Bloomberg]