ATHENS, March 30 Greece's second largest lender
by assets National Bank (NBG) was profitable for a
second straight quarter in October-to-December, helped by lower
bad debt provisions.
NBG, 40 percent owned by the country's bank rescue fund
HFSF, reported on Thursday a net profit of 73 million euros
($78.4 million), excluding assets held for sale and discontinued
operations, versus net earnings of 6 million euros in the third
For 2016 as a whole, the bank posted a net profit of 53
million euros after a loss of 2.49 billion in 2015.
Non-performing credit eased to 32.9 percent of its loan book
in the fourth quarter from 34.3 percent at the end of September.
NBG said loan impairments for the full year dropped to 684
million euros from 3.52 billion in 2015.
($1 = 0.9315 euros)
(Reporting by George Georgiopoulos)