Ετικέτα: NBG

NBG – Announcement Date & Time of 2Q26 Results

National Bank of Greece will announce 2Q26 results on Thursday, July 30, 2026, after market close.A conference call for the presentation and discussion of the results is scheduled at 19:00 (GMT +3:00) on the same day.

NBG – Interest Rates on Bank Deposits and Loans: May 2026

 In May 2026, the weighted average interest rate on new deposits increased to 0.35%, while the corresponding rate on new loans decreased to 4.65%.
– The interest rate spread between new deposits and loans decreased to 4.30 percentage points.
– In May 2026, the weighted average interest rate on outstanding amounts of deposits increased to 0.34%, while the corresponding rate on loans remained almost unchanged at 4.63%.
– The interest rate spread between outstanding amounts of deposits and loans remained almost unchanged at 4.29 percentage points.
1. Interest rates on euro-denominated new deposits and loans
New Deposits
In May 2026, the weighted average interest rate on new deposits increased by 3 basis points to 0.35% compared with the previous month.
In particular, the average interest rate on overnight deposits placed by households remained unchanged at 0.03%, while the corresponding rate on deposits placed by non-financial corporations remained almost unchanged at 0.10%.
The average interest rate on deposits with an agreed maturity of up to 1 year from households remained almost unchanged at 1.14%, while the corresponding rate on deposits from non-financial corporations increased by 17 basis points to 1.93%.
New Loans    
The weighted average interest rate on new loans to households and non-financial corporations decreased by 12 basis points to 4.65%.
Specifically, the average interest rate on consumer loans without a defined maturity (a category that comprises credit cards, revolving loans and overdrafts) remained almost unchanged at 14.63%.
The average interest rate on consumer loans with a defined maturity at a floating rate decreased by 19 basis points to 10.75%, while the average interest rate on housing loans at a floating rate remained almost unchanged at 3.50%.
The average interest rate on corporate loans without a defined maturity remained almost unchanged at 4.61%.Τhe corresponding rate on loans to sole proprietors remained unchanged at 6.85%.
The average interest rate on new corporate loans with a defined maturity at a floating rate decreased by 20 basis points to 4.20%. The average interest rate on loans with a defined maturity at a floating rate to small and medium-sized enterprises (SMEs) decreased by 15 basis points to 4.43%.
 
As regards the structure of interest rates according to the size of loans granted, the average rate on loans of up to €250,000 increased by 8 basis points to 5.09%, on loans of over €250,000 and up to €1 million it increased by 14 basis points to 4.54%, while on loans of over €1 million it decreased by 22 basis points to 4.15%.
2. Interest rates on outstanding amounts of euro-denominated deposits and loans
Deposits                                                                                                                                       
In May 2026, the weighted average interest rate on outstanding amounts of deposits (including overnight deposits) increased by 4 basis points to 0.34%.
In particular, the average interest rate on outstanding amounts of deposits with an agreed maturity of up to 2 years placed by households remained unchanged at 1.14%, while the corresponding rate on deposits placed by non-financial corporations increased by 16 basis points to 1.87%.
Loans
The weighted average interest rate on outstanding amounts of loans remained almost unchanged at 4.63%.
In particular, the average interest rate on outstanding amounts of housing loans with over 5 years’ maturity remained unchanged at 3.60%. The corresponding rate on consumer and other loans to individuals and private non-profit institutions increased by 9 basis points to 8.40%.
The average interest rate on corporate loans with over 5 years’ maturity remained almost unchanged at 4.14%. The corresponding rate on loans to sole proprietors remained also almost unchanged at 5.39%.
Table 1: Average interest rates on new euro-denominated deposits and loans (percentages % per annum)
 
Table 2: Average interest rates on outstanding amounts of euro-denominated deposits and loans (percentages % per annum)
 

NBG: Announcement Date & Time of 4Q25 Results

National Bank of Greece will announce 4Q25 results on Friday, February 27, 2026, before market opening.                               A conference call for the presentation and discussion of the results is scheduled at 10:30 (GMT +2:00) on the same day.

Announcement Date & Time of NBG’s 3Q25 Results

National Bank of Greece will announce 3Q25 results on Thursday, Νovember 6, 2025,before market open.
A conference call for the presentation and discussion of the results is scheduled at 10:30(GMT +2:00) on the same day.

EIB lends €250 million to National Bank of Greece (NBG) for green investments by SMEs and Mid-Caps

· EIB lends €250 million to National Bank of Greece (NBG) for green investments by SMEs and Mid-Caps· New credit brings EIB financing for climate action by Greek businesses via on-lending from local banks to €1 billion· The facility supports local businesses with preferential loans for renewable energy, energy efficiency, and other green projects
The European Investment Bank (EIB) is lending the National Bank of Greece (NBG) €250 million to increase support for green investments made by Greek small and medium-sized enterprises (SMEs) and Mid-Caps. The agreement raises the total intermediated lending made available through this EIB facility to back decarbonization investment by smaller Greek companies to €1 billion.The new agreement will enable hundreds of SMEs and Mid-Caps in the country to get NBG loans on favourable terms, including reduced interest rates, for investments that help tackle climate change. The accord follows similar EIB deals with both NBG and Piraeus Bank since 2020.“Reaching this €1 billion milestone highlights the EIB’s unwavering support for Greece’s green transition and our commitment to foster sustainable economic growth,“ said EIB Vice-President Yannis Tsakiris. “The partnership with NBG has been essential in enabling Greek businesses to access financing for climate-focused investments, helping them grow while contributing to a greener future.”The new €250 million credit to NBG is part of an EIB programme to spur green investments by Greek SMEs and Mid-Caps, which form the backbone of the country’s economy. Established in 2020, the programme is the first of its kind in Greece and is open to all eligible banks in Greece, with NBG and Piraeus Bank having taken part so far. The latest NBG loan brings its total participation in the programme to €800m.“NBG has absorbed 80% of the €1 billion total program financing illustrating our ongoing commitment to support Greek SMEs and Midcaps, while allowing us to further grow our green projects’ portfolio,” said NBG’s CEO Pavlos Mylonas. “Today’s signing marks another important milestone in our long-term cooperation with EIB.”Supporting the green growth of Greek SMEs and mid-capsThe EIB programme to spur green financing in Greece aims to:· Support businesses operating in sectors linked to climate action and environmental sustainability and/or;· Enable investments in renewable energy, energy efficiency and other green projects undertaken by SMEs and Mid-Caps regardless of their sector and/or;· Promote youth employment and gender equality in the workplace.So far, more than 350 Greek businesses have benefitted from the EIB’s support under the programme. Because the EIB requires recipient banks to match its funding, the total financing mobilised for green projects in Greece is expected to reach €2 billion.Long-standing partnership with NBGOver the past five years, EIB-NBG collaboration has supported a range of strategic priorities including SME competitiveness, agriculture, the bioeconomy and climate action. The total volume of EIB transactions with NBG during this period has exceeded €2 billion and is expected to, in turn, mobilise more than €3.8 billion in financing for SMEs and Mid-Caps.

NBG 9M24 Financial Results

Key financial highlights 
• 9Μ24 Group core PAT at c€1b (+15% yoy), supported by resilient NII and strong fee income 
o 3Q24 NII marginally higher qoq despite lowering Euribor rates (-c40bps since their peak in 4Q23), supported by higher average loan volumes and income from securities, improving deposit mix, and the successful MREL bond refinancing. Thus, 9M24 NII reached €1.8b (+9% yoy), while NIM stood at a solid 322bps, remaining relatively stable during the year 
o Fee income growth continued in 3Q24 (+2% qoq), with the 9M24 yoy increase by +14%, driven by the retail business (+17% yoy), while corporate fees were also up by +8% yoy, benefiting from loan origination fees
o Operating expense discipline continued in 3Q24, driving the 9M24 OpEx +4% higher yoy, normalizing for variable pay accruals¹, while 9M24 C:CI remained at c30%, well inside our FY24 target of <33% 
o CoR at 52bps in 3Q24 (54bps in 9M24) reflecting favorable asset quality trends, also well inside our FY24 guidance of <60bps 
o Core RoTE of 17.5% in 9M24 (before adjusting for excess capital)• Well capitalized and highly liquid Balance Sheet remains a key comparative advantage
o Loan expansion in 9M24 stood at nearly +€1b ytd, reflecting corporate disbursements of over €4b in 9M24 (+15% yoy), while retail maintained a positive momentum (disbursements of over €1b in 9M24)
o Our strong corporate pipeline of over €2b, following corporate new origination of c€1b in October, gives us confidence towards comfortably exceeding the FY24 loan expansion target of +€1.5b 
o Exposure to fixed rate assets provides an additional hedge against lowering rates, while our high net cash position supports the NII and NIM, reflecting another comparative advantage of NBG. At the same time, our deposit mix keeps shifting in favor of low-cost core deposits • Favorable asset quality trends 
o Lack of NPE flows in 3Q24 allowed for further normalization in CoRo NPE stock at €1.2b; NPE coverage at 86%, S3 coverage at 52%, S2 exposure at €2.4b, S2 coverage at 8%o Our FNPE stock comprises a significant amount of <30dpd exposures (FNPEs <30dpd at €0.3b)• CET12 at 18.7%, total capital ratio2 at 21.5%
o Strong profitability pushes CET1 ratio2 higher ytd to 18.7% in 9M24, including an accrual for a 40% payout in 2025 out of 2024 profits; Total Capital ratio2 at 21.5%, up by +c130bps ytdo MREL ratio2 at 26.6%, exceeding the Jan25 requirement of 25.3% by 130bps• Our Transformation Program is a competitive advantage, supporting rapid and focused change
o We focus on enhancing revenue generation, sales capacity and service quality in both our Corporate and Retail business. In Corporate, we have implemented a new centralized middle-office so as to improve time-to-market and introduced innovative offerings, e.g., acting as an intermediary between renewable energy producers and large industrial consumers of energy. In Retail, we continue to grow our market share in new loan disbursements, cards and investment products on the back of improvements to our service model for high-potential customers, and the launch of new products and embedded banking solutions
o We solidify our leading position in digital banking, with digital active users exceeding the 3m mark as of 3Q24 and cumulative digital sales reaching 1.5m units in September 2024 (market share in digital: cards 42%, consumer 34%, insurance 33%) 
o We strengthen the efficiency of our operating model through simplification and optimization of key processes, while upgrading our technology infrastructure. Notably, the implementation of our new, cloud-native Core Banking System (CBS) remains on track, while we are already working on the introduction of GenAI use cases 
o We continue to pursue our ESG business strategy with strong offerings for Corporate (e.g., transition financing) and Retail customers (e.g., home energy upgrades). Parallel to our commercial efforts, we are on track to meet requirements in line with CSRD/ ESRS reporting and EU Taxonomy adoption
“Growth in Greece remains strong, with GDP gaining momentum in 2Q24. Business has been leading activity so far, including sizable, fixed capital investment, with a strong labor market having followed suit. It is important to note that the solid fiscal performance results in further risk re-rating of the economy, increasing its attractiveness, despite the challenging external environment. Our recent placement of a 10% stake of our share capital attracted strong and broad-based demand from high quality investors. The success of the transaction reflects the confidence investors have in the Greek economy, as well as in NBG’s strong fundamentals, clear strategy, and credibility in executing.In 3Q24, we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages. Core PAT reached c€1b in 9M24, up by +15% yoy, tracking well with respect to the FY24 guidance. This performance was due to NII displaying resilience to lower market rates, as the impact was offset by strong loan volumes, with disbursements exceeding €5b in 9M24. The solid results also reflect mid-teens growth in fees as well as continued normalizing of credit risk charges, complemented by cost discipline. Our very strong capital ratios kept increasing, with CET1 reaching 18.7%, while Total Capital ratio stood at 21.5%, up +130bps ytd, post a 40% accrual. Our strong organic capital generation provides us with significant strategic flexibility, including with regards to returning capital to our shareholders. As we look into the future, our advanced investments in technology and our dedicated people remain at the heart of our strategy, enabling us to enhance efficiency and responsiveness in an ever-evolving market, and to deliver on customer experience. We remain dedicated to playing a pivotal role in supporting the Greek economy, as well as to actively invest in community development initiatives and sustainability projects that promote growth and stability.”Pavlos MylonasChief Executive Officer, NBG

NBG: Announcement Date & Time of 1Q24 Results

National Bank of Greece will announce 1Q24 results on Wednesday, May 1, 2024, before market opening. A conference call for the presentation and discussion of the results is scheduled to follow at 10:30 (GMT +3:00) on the same day.

NBG 9M22: Group PAT (cont. operations) at €652m; COP at €464m

Accelerating core income growth and contained costs and credit risk charges drive up 9M22 COP by 41% yoy
o PEs drive up NII by +5% yoy in 9M22, despite the significant reduction in NPE NII by €78m yoy and the lower TLTRO benefit by €28m yoy in 9M22; 3Q22 NII surged by 11% qoq
o Impressive fee income growth sustained at +22% yoy, driven by cards, payments and trade finance, as well as by a pick-up in fees from investment products
o Operating expenses are contained (+2% yoy) on the back of demand management, process automation and centralization, despite mounting inflation pressures and higher depreciation charges arising from the roll out of the Bank’s ambitious IT investment plan; core income growth pushes C:CI down further to 45.2% in 3Q22
o CoR remains low, at 69bps in 9M22, in line with FY22 guidance
o As a result, 9M22 COP of €464m already nears the levels guided for the FY22 of c€490m
o Including non-core and non-recurring items, attributable net profit reached €680m
Healthy PE expansion of €1.3b ytd is driven by domestic disbursements1 of €4.0b in 9M22 (+45% yoy)
o Domestic PE expansion stood at €1.3b ytd, despite high 3Q22 repayments and adverse seasonality
o With a strong 4Q22 corporate pipeline, YE22 domestic PEs are expected near €27b, up by >€1.5b yoy, in line with our guidance
“Economic activity remained resilient to the energy-induced headwinds, with GDP growth remaining among the highest in the euro area. Tourism provides a decisive impulse to economic growth with revenues on track for a new all-time high, while private sector profitability, robust labor market conditions and fiscal support of c€13bn, in gross value terms, cushion the inflationary induced shock to the real economy. The strong carryover effects from the momentum gained in 9M22, a relative defensive position in the business and credit cycle, with Greek corporates hardened by multiyear restructurings, inter alia, having low leverage, and increasing investment-led support from the Recovery and Resilience Facility (RRF), render Greece relatively resilient to mounting economic risks.
Against the backdrop of persistent inflation and geopolitical uncertainty, we delivered a strong financial performance, comprising improving core profitability and a stronger balance sheet, including increasingly robust capital ratios.
With regards to profitability, 9M22 Group core operating profit increased by a strong 41% yoy to €464m, already near the full year profitability guidance of c€490m, while our attributable PAT reached €680m. Key contributors to profitability improvement were accelerating core income (+8% yoy), whereby healthy expansion of our PE NII offset NPE and TLTRO NII headwinds. Further support has come from the impressive, volume led increase in fee income line (+22% yoy), while operating expenses have been contained in a highly inflationary environment. Credit risk charges remained near 70bps in the absence of any signs of a pick-up in NPE formation or early delinquencies.
Regarding asset quality, our domestic NPE exposure keeps shrinking, amounting to €1.8b or just €0.3b net of provisions, translating into an NPE ratio of 5.9%, already below our FY22 guidance. At the same time, our domestic cash coverage kept rising, remaining well above sector highs, at 83%. Most importantly, organic NPE formation remains negative.
With the implementation of ECB’s tighter policies, including the tightening of TLTRO conditions, our strong and stable core deposit base and excess liquidity once again become a strong comparative advantage.
Our robust capital buffers keep increasing on the back of strong profitability, with CET1 and total capital ratios on a fully loaded basis standing at 15.2% and 16.3%, respectively, 20bps higher qoq. The completion of the merchant acquiring JV by YE22 will push CET1 FL and CAD FL ratios to 15.8% and 16.9%, respectively.
The solid 9M22 results and the strong momentum demonstrates the high potential of the franchise in the period ahead, emanating from our successful Transformation Program. Even though the balance of near term risks has been deteriorating, the Greek economy is set to maintain a positive growth trajectory, continuing to exceed the Euro Area average in 2023, and a re-energized NBG is well positioned to play its key role in supporting the economy to successfully overcome these challenges.”
Pavlos Mylonas, Chief Executive Officer, NBG
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NBG: Announcement Date & Time of 2Q22 Results

National Bank of Greece will announce 2Q22 results on Friday 29 July 2022, at 17:30 Greek time (GMT +3:00).
A conference call for the presentation and discussion of the results is scheduled to follow at 19:00 on the same day.