NBG Q3:20 1st Glimpse: Stong beat to our estimates on higher NII income and credit impairments of 104bps

NBG Q3:20 1st Glimpse:

  • Stong beat to our estimates on higher NII income and credit impairments of 104bps

The following table summarise results vs. our estimates:

NBG

Act.

Latest read

Overview

Est.

(In Million Euro)

3Q19

2Q:20

3Q20

QoQ

YoY

3Q20

vs Est.

NII

300

273

304

11.6%

1.3%

279

9.0%

Fee income

64

57

65

14.0%

1.6%

62

4.8%

Trading Income

129

23

64

179.5%

-50.4%

25

156.0%

Insurance/Other Income

-23

-11

-21

-5

Total income

470.0

341.9

412.0

20.5%

-12.3%

361

14.1%

Operating costs

-213

-199

-198

0.5%

7.0%

-210

5.7%

Pre-provision-profits

257.0

142.9

214.0

49.8%

-16.7%

151

41.7%

Provisions

-99

-76

-78

-2.1%

21.2%

-75

-4.0%

Other results

-26

-18

-16

8.6%

38.5%

-15

PBT

132.0

49.0

120.0

144.9%

-9.1%

61

96.7%

Corporate taxes

3

3

-3

-200.0%

-200.0%

5

-160.0%

Net profit (continued)

129

46

123

167.4%

-4.7%

56

119.6%

Discontinued operations

16

10

-22

-320.0%

0

Attributable net profit

146

56

101

80.4%

-30.8%

57

77.2%

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