NATIONAL BANK OF GREECE Ø Solid liquidity position despite headwinds
o Group L:D at 104%, Greece at 95%
o Eurosystem liquidity buffer of €12bn (cash value)
o Deposit outflows in Greece moderate in Q2
o Deposit growth of 3% qoq in Turkey
Ø Loan loss provisioning increased to 61.0% at Group level
o 90dpd ratio remained unchanged qoq, at 24.3% (32% in Greece)
o Domestic NPL coverage ratio increased by 50bp qoq to 60.7%
o Domestic 90dpd formation amounted to €336m, mainly due to the reduction in restructurings (down 35% qoq).
Ø Despite higher provisions the Group posted operating losses of just €28 million
o In Greece, pre-provision profitability grew 5.4% qoq, mainly reflecting cost cutting
o Group core income grew by 4.7% yoy, with core pre-provision income growing by 6% yoy to €418m
o Group losses at €159m, including domestic trading losses of €112m
o Loan balance up 1.7% qoq in Greece and 2.6% qoq at Group level
Ø Solid capital position
o CET 1 at 12.1%
o Fully loaded Basel III (CDR IV, 2024 rules) at 8.7%
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