NBG announced a better than expected set of Q4 results characterised by solid NII and higher provisions.

23.03.2015 18:15

NBG announced a better than expected set of Q4 results characterised by solid NII and higher provisions.

The following table summarise results vs our estimates:

 

NBG Overview
(In Million Euro) 4Q13 3Q14 4Q14 E QoQ YoY 4Q14 Ε vs Estimate
NII 776 797 827 3,8% 6,6% 812 -1,8%
Fee income 135 139 127 -8,6% -5,9% 130 2,4%
Trading -133 -36 -63 75,0% -52,5% -40 36,5%
Other Income 150 24 25 4,2% -83,3% 20
Total income 928 924 909 -1,6% -2,1% 915 0,7%
Operating costs -836 -510 -546 7,1% -34,7% -550 -0,7%
Pre-provision-profits 93 414 363 -12,3% 291,7% 365 0,6%
Provisions -386 -368 -378 2,7% -2,1% -1.700 -349,7%
Other results -7 -61 -1.093 0
PBT -300 -51 -1.108 -1.335
Corporate taxes 846 60 26 -300
Net profit 546 44 -1.107 -2615,9% -302,8% -1.035 6,5%

 

Conference Call (Mon.23 Mar. 18:00 GR Time):

 

¡  Greece:   + 30 211 180 2000

¡  UK:          + 44 (0) 800 368 1063

¡  US:          + 1 866 288 9315

Manos Chatzidakis

Head of research

Beta Securities S.A.

29 Alexandras Ave.

GR – 11473

Athens, Greece

 

Tel: +30 210 6478755 /754

Fax +30 210 6448791

Email: [email protected]

*Τα όσα αναγράφονται στη στήλη είναι προιόν δημοσιογραφικής έρευνας και δεν αποτελούν προτροπή αγοράς, πώλησης ή διακράτησης μετοχών



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