National Bank group reported after-tax profits of 50 million euros in 2018, after posting 158 million euros in losses in 2017.
Operational profits reached 71 million euros in Greece, from 135 million euros in losses in 2017, mainly due to a de-escalation of credit risks, something that offset a reduction in net revenues from interest.
Operational costs, meanwhile, remained mostly unchanged in 2018.
Total non-performing exposures (NPEs) reached 15.4 billion euros, exceeding the goal for 2018.
The bank also reduced NPLs by two billions euros compared to 2017, and down by 6.1 billion from 2015. The goal until 2021 is for a reduction in NPLs by 11.5 billion euros.
