ECONOMY

Greece’s National Bank shrinks loss in Q3

greece-amp-8217-s-national-bank-shrinks-loss-in-q3

National Bank (NBG), Greece's largest lender, reported a smaller loss in the third quarter compared to the previous three month period as credit loss provisions continued to weigh.

NBG posted a loss of 401 million euros ($431.80 million) in the July-to-September period versus a loss of 1.61 billion euros in the second quarter.

The bank said its ratio of non-performing loans in Greece, credit past due for more than 90 days, rose to 33.8 percent from 32.1 percent in the second quarter.

[Reuters]