National Bank of Greece

NBG's net profit fell 84.9% yoy to EUR -2,050 mil in 4Q2015

By Helgi Analytics - February 19, 2018

National Bank of Greece made a net profit of EUR -2,050 mil in the fourth quarter of 2015, down 84.9% when compared to the same p...

NBG's npls (as % of loans) rose 74.8% yoy to 42.5% in 4Q2015

By Helgi Analytics - July 24, 2019

National Bank of Greece's non-performing loans reached 42.5% of total loans at the end of 2015-12-31, up from 24.3% compared to t...

NBG's capital adequacy ratio rose 7.35% yoy to 14.6% in 4Q2015

By Helgi Analytics - May 2, 2018

National Bank of Greece's capital adequacy ratio reached 14.6% at the end of fourth quarter of 2015, up from 9.60% when compared ...

Profit Statement 2013 2014 2015
Net Interest Income EUR mil 3,157 1,998 1,905
Fee Income (As % Of Revenues) % 14.0 6.25 4.45
Other Income EUR mil 85.0 87.0 91.0
Total Revenues EUR mil 3,771 2,224 2,089
Staff Cost EUR mil 1,530 816 802
Operating Profit EUR mil 1,224 708 674
Provisions EUR mil 8,853 10,574 12,843
Net Profit EUR mil 809 66.0 -4,227
Balance Sheet 2013 2014 2015
Interbank Loans EUR mil 2,847 3,324 2,799
Customer Loans EUR mil 67,250 68,109 45,375
Debt Securities EUR mil 30,790 34,329 46,370
Total Assets EUR mil 110,930 115,212 111,232
Shareholders' Equity EUR mil 7,874 10,466 9,824
Interbank Borrowing EUR mil 27,897 22,226 25,166
Customer Deposits EUR mil 62,876 64,929 42,959
Issued Debt Securities EUR mil 3,806 5,991 24,895
Ratios 2013 2014 2015
ROE % 27.0 0.720 -41.7
ROA % 0.750 0.058 -3.73
Costs (As % Of Assets) % 2.36 1.34 1.25
Costs (As % Of Income) % 67.5 68.2 67.7
Capital Adequacy Ratio % 10.6 13.6 14.6
Net Interest Margin % 2.93 1.77 1.68
Loans (As % Of Deposits) % 107 105 106
NPLs (As % Of Loans) % 28.6 26.4 37.9
Provisions (As % Of NPLs) % 40.7 50.9 58.2
Growth Rates 2013 2014 2015
Total Revenue Growth % -10.1 -41.0 -6.07
Operating Cost Growth % -10.2 -40.5 -6.66
Operating Profit Growth % -9.82 -42.2 -4.80
Net Profit Growth % -138 -91.8 -6,505
Customer Loan Growth % -2.73 1.28 -33.4
Total Asset Growth % 5.85 3.86 -3.45
Customer Deposit Growth % 7.07 3.27 -33.8
Shareholders' Equity Growth % -517 32.9 -6.13

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summary Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                          
Net Interest Income EUR mil             3,966 4,148 3,843 3,365 3,157    
Total Revenues EUR mil             5,077 4,640 4,372 4,193 3,771    
Operating Profit EUR mil             2,585 2,127 1,831 1,357 1,224    
Net Profit EUR mil             923 406 -12,344 -2,140 809    
balance sheet                          
Interbank Loans EUR mil             3,708 3,321 4,636 4,318 2,847    
Customer Loans EUR mil             74,753 77,262 71,496 69,135 67,250    
Debt Securities EUR mil             26,095 28,000 22,358 22,739 30,790    
Total Assets EUR mil             113,394 120,745 106,732 104,799 110,930    
Shareholders' Equity EUR mil             9,288 10,905 -253 -1,888 7,874    
Interbank Borrowing EUR mil             21,643 29,899 34,108 33,972 27,897    
Customer Deposits EUR mil             71,195 68,039 59,544 58,722 62,876    
Issued Debt Securities EUR mil             3,085 4,432 3,440 3,772 3,806    
ratios                          
ROE %             10.5 4.02 -232 200 27.0    
ROA %             0.857 0.346 -10.9 -2.02 0.750    
Costs (As % Of Assets) %             2.32 2.15 2.23 2.68 2.36    
Costs (As % Of Income) %             49.1 54.1 58.1 67.6 67.5    
Capital Adequacy Ratio % ... ...         11.3 13.7 -2.60 -6.10 10.6    
Net Interest Margin %             3.69 3.54 3.38 3.18 2.93    
Interest Income (As % Of Revenues) %             78.1 89.4 87.9 80.3 83.7    
Fee Income (As % Of Revenues) %             13.0 13.1 11.3 11.8 14.0    
Staff Cost (As % Of Total Cost) %             63.3 60.9 63.6 49.1 60.1    
Equity (As % Of Assets) %             8.19 9.03 -0.237 -1.80 7.10    
Loans (As % Of Deposits) %             105 114 120 118 107    
Loans (As % Assets) %             65.9 64.0 67.0 66.0 60.6    
NPLs (As % Of Loans) % ... ... ... ...     6.41 8.86 26.5 31.6 28.6    
Provisions (As % Of NPLs) % ... ... ... ...     49.7 46.9 34.2 32.0 40.7    
income statement Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                          
Interest Income EUR mil             6,578 6,402 6,587 6,230 5,520    
Interest Cost EUR mil             2,612 2,254 2,744 2,865 2,363    
Net Interest Income EUR mil             3,966 4,148 3,843 3,365 3,157    
Net Fee Income EUR mil             660 610 494 495 529    
Other Income EUR mil             450 -118 35.3 333 85.0    
Total Revenues EUR mil             5,077 4,640 4,372 4,193 3,771    
Staff Cost EUR mil             1,577 1,530 1,616 1,393 1,530    
Depreciation EUR mil             189 200 203 209 206    
Other Cost EUR mil             725 782 721 1,233 811    
Operating Cost EUR mil             2,492 2,512 2,541 2,835 2,547    
Operating Profit EUR mil             2,585 2,127 1,831 1,357 1,224    
Provisions EUR mil             2,459 3,352 7,120 7,770 8,853    
Extra and Other Cost EUR mil             29.2 39.5 29.3 190 30.0    
Pre-Tax Profit EUR mil             1,252 638 -13,420 -1,986 -179    
Tax EUR mil             289 197 -1,095 158 -986    
Minorities EUR mil             40.8 34.9 19.1 -4.17 -2.00    
Net Profit EUR mil             923 406 -12,344 -2,140 809    
Dividends EUR mil             0 0 0 0 0    
growth rates                          
Net Interest Income Growth % ...           10.8 4.59 -7.35 -12.4 -6.18    
Net Fee Income Growth % ...           -14.5 -7.64 -19.0 0.201 6.90    
Total Revenue Growth % ...           3.45 -8.61 -5.76 -4.11 -10.1    
Operating Cost Growth % ...           4.57 0.812 1.14 11.6 -10.2    
Operating Profit Growth % ...           2.39 -17.7 -13.9 -25.9 -9.82    
Pre-Tax Profit Growth % ...           -35.4 -49.1 -2,205 -85.2 -91.0    
Net Profit Growth % ...           -40.3 -56.0 -3,144 -82.7 -138    
market share                          
Market Share in Net Profit %             156 ... ... ... 16.5 ... ...
balance sheet Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                          
Cash EUR mil             4,253 7,530 4,082 4,500 5,910    
Interbank Loans EUR mil             3,708 3,321 4,636 4,318 2,847    
Customer Loans EUR mil             74,753 77,262 71,496 69,135 67,250    
Mortgage Loans EUR mil ... ...         24,482 25,566 24,079 23,471 22,505    
Consumer Loans EUR mil ... ...         7,867 7,948 8,664 8,984 8,633    
Corporate Loans EUR mil ... ...         33,620 35,494 34,292 31,450 32,914    
Debt Securities EUR mil             26,095 28,000 22,358 22,739 30,790    
Fixed Assets EUR mil             4,586 4,631 4,160 4,106 4,133    
Total Assets EUR mil             113,394 120,745 106,732 104,799 110,930    
Shareholders' Equity EUR mil             9,288 10,905 -253 -1,888 7,874    
Of Which Minority Interest EUR mil             857 835 83.6 70.1 683    
Liabilities EUR mil             104,107 109,839 106,985 106,686 103,056    
Interbank Borrowing EUR mil             21,643 29,899 34,108 33,972 27,897    
Customer Deposits EUR mil             71,195 68,039 59,544 58,722 62,876    
Retail Deposits EUR mil ... ...         57,475 52,765 47,708 44,318 46,883    
Corporate Deposits EUR mil ... ...         10,708 11,148 8,856 10,794 11,843    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ...    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities EUR mil             3,085 4,432 3,440 3,772 3,806    
Other Liabilities EUR mil             8,184 7,469 9,893 10,221 8,477    
asset quality                          
Non-Performing Loans EUR mil ... ... ... ...     4,952 7,142 20,829 24,286 21,766    
Gross Loans EUR mil             77,212 80,614 78,616 76,905 76,103    
Provisions EUR mil             2,459 3,352 7,120 7,770 8,853    
growth rates                          
Customer Loan Growth % ...           2.29 3.36 -7.46 -3.30 -2.73    
Retail Loan Growth % ... ... ...       9.17 3.60 -2.30 -0.877 -4.06    
Mortgage Loan Growth % ... ... ...       9.89 4.43 -5.82 -2.52 -4.12    
Consumer Loan Growth % ... ... ...       7.00 1.04 9.00 3.69 -3.90    
Corporate Loan Growth % ... ... ...       -4.62 5.57 -3.39 -8.29 4.65    
Total Asset Growth % ...           11.3 6.48 -11.6 -1.81 5.85    
Shareholders' Equity Growth % ...           12.3 17.4 -102 646 -517    
Customer Deposit Growth % ...           5.23 -4.43 -12.5 -1.38 7.07    
Retail Deposit Growth % ... ... ...       5.99 -8.19 -9.58 -7.11 5.79    
Corporate Deposit Growth % ... ... ...       3.79 4.11 -20.6 21.9 9.72    
ratios Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
ratios                          
ROE %             10.5 4.02 -232 200 27.0    
ROA %             0.857 0.346 -10.9 -2.02 0.750    
Costs (As % Of Assets) %             2.32 2.15 2.23 2.68 2.36    
Costs (As % Of Income) %             49.1 54.1 58.1 67.6 67.5    
Capital Adequacy Ratio % ... ...         11.3 13.7 -2.60 -6.10 10.6    
Tier 1 Ratio % ... ...         11.3 13.1 -3.70 -6.70 10.5    
Net Interest Margin %             3.69 3.54 3.38 3.18 2.93    
Interest Spread % ...           3.47 3.36 3.26 3.21 2.86    
Asset Yield %             6.11 5.47 5.79 5.89 5.12    
Cost Of Liabilities % ...           2.64 2.11 2.53 2.68 2.25    
Payout Ratio %             0 0 0 0 0    
Interest Income (As % Of Revenues) %             78.1 89.4 87.9 80.3 83.7    
Fee Income (As % Of Revenues) %             13.0 13.1 11.3 11.8 14.0    
Other Income (As % Of Revenues) %             8.87 -2.55 0.807 7.94 2.25    
Staff Cost (As % Of Total Cost) %             63.3 60.9 63.6 49.1 60.1    
Equity (As % Of Assets) %             8.19 9.03 -0.237 -1.80 7.10    
Loans (As % Of Deposits) %             105 114 120 118 107    
Loans (As % Assets) %             65.9 64.0 67.0 66.0 60.6    
NPLs (As % Of Loans) % ... ... ... ...     6.41 8.86 26.5 31.6 28.6    
Provisions (As % Of NPLs) % ... ... ... ...     49.7 46.9 34.2 32.0 40.7    
Provisions (As % Of Loans) %             3.29 4.34 9.96 11.2 13.2    
Cost of Provisions (As % Of Loans) %             1.76 1.91 20.5 4.48 2.01    
other data Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                          
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ... ...    
ECB/ELA Funding EUR mil ... ... ... ... ... ... ... ... ... ... 20,700    
ECB/ELA Funding (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... 18.7    

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Apr 2016
Statistical Dossier

NBG's corporate loans fell 23.3% yoy to EUR 27,761 mil in 4Q2015

By Helgi Analytics - April 26, 2018

National Bank of Greece's loans reached EUR 51,969 mil in the fourth quarter of 2015, down from EUR 52,477 mil when compared to the previous quarter and down from EUR 78,683 mil when compared to the same period of last year. Historically, the bank’s...

NBG's net interest income fell 5.58% yoy to EUR 474 mil in 4Q2015

By Helgi Analytics - February 21, 2018

National Bank of Greece generated total banking revenues of EUR 524 mil in the fourth quarter of 2015, down 42% when compared to the same period of last year and up 3.58% when compared to the previous quarter. Historically, the bank’s revenues con...

NBG's equity (as % of assets) fell 2.07% yoy to 8.81% in 4Q2015

By Helgi Analytics - October 7, 2019

National Bank of Greece's Equity reached 8.81% of total assets in the 4Q2015, down from 8.99% for the previous year. As a share of net customer loans, the ratio amounted to 25.1% at the end of the fourth quarter of 2015. ...

NBG's customer loan growth rose 74.7% yoy to -9.10% in 4Q2015

By Helgi Analytics - July 24, 2019

National Bank of Greece's customer loan growth reached -9.10% in 2015-12-31, up from -36.0% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 34.0% in 2009-03-31 and an all time low of -41.2% in 2015-09-30. I...

NBG's net interest margin fell 4.78% to 1.68% in 2015

By Helgi Analytics - February 23, 2018

National Bank of Greece's net interest margin amounted to 1.68% in 2015, down from 1.77% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.72% in 2008 and an all time low of 1.68% in 2015. The aver...

NBG's net profit fell 6,505% to EUR -4,227 mil in 2015

By Helgi Analytics - March 7, 2018

National Bank of Greece made a net profit of EUR -4,227 mil under revenues of EUR 2,089 mil in 2015, up -6505% and -6.07% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 1,625 mil in 2007 and an all time low...

NBG's npls (as % of loans) rose 43.7% to 37.9% in 2015

By Helgi Analytics - February 22, 2018

National Bank of Greece's non-performing loans reached 37.9% of total loans at the end of 2015, up from 26.4% compared to the previous year. Historically, the NPL ratio hit an all time high of 37.9% in 2015 and an all time low of 4.10% in 2008. Provision co...

NBG's capital adequacy ratio rose 7.35% to 14.6% in 2015

By Helgi Analytics - May 4, 2018

National Bank of Greece's capital adequacy ratio reached 14.6% at the end of 2015, up from 13.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 15.6% in 2006 and an all time low of -6.10% in 2012. The Tier 1 rati...

NBG's corporate loans fell 23.3% to EUR 27,761 mil in 2015

By Helgi Analytics - March 6, 2018

National Bank of Greece's loans reached EUR 58,218 mil in the 2015, down from EUR 78,683 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 80,614 mil in 2010 and an all time low of EUR 30,449 mil in 2005. ...

NBG's customer loan growth fell 2,713% to -33.4% in 2015

By Helgi Analytics - February 22, 2018

National Bank of Greece's customer loan growth reached -33.4% in 2015, down from 1.28% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 44.4% in 2006 and an all time low of -33.4% in 2015. In the last decade...

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National Bank of Greece is a Greece-based financial group providing various banking products and services in Greece and the Southeastern Europe. Through a network of some 528 branches and 1,416 ATMs on the domestic market, the Bank offers its customers a wide range of financial services, including corporate and investment banking; retail banking, leasing and factoring; stock brokerage, asset management and venture capital; insurance; and real estate and consulting services. In addition, the Bank is involved in various other businesses, including hotel and property management. The Group is also active abroad, especially, in Turkey, Bulgaria, Serbia, Romania, Albania, Cyprus and Macedonia. The company was founded in 1841 and is headquartered in Athens, Greece.

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Finance

National Bank of Greece has been growing its revenues and asset by -20.7% and 2.01% a year on average in the last 3 years. Its loans and deposits have grown by -13.1% and -9.89% a year during that time and loans to deposits ratio reached 106% at the end of 2015. The company achieved an average return on equity of -4.64% in the last three years with net profit growing 25.5% a year on average. In terms of operating efficiency, its cost to income ratio reached 67.7% in 2015, compared to 67.8% average in the last three years.

Equity represented 8.83% of total assets or of loans at the end of 2015. National Bank of Greece's non-performing loans were 37.9% of total loans while provisions covered some 58.2% of NPLs at the end of 2015.

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