Athens.- The National Bank group on Friday announced losses amounting to 2.45 billion euros for the nine-month period in 2012, due mainly to the negative contribution by non-repeating operational sources, such as the negative results from financial actions in Greece and the additional losses due to the write-off of bonds and loans that were exchanged in the framework of the PSI as well as further forecasts for demands by the Hellenic state.

The National Bank group refers in a relative announcement to the considerable contribution by Finansbank to the net profits amounting to 400 million euros for the nine-month period in 2012, recording an annual increase of 38 percent in a stable exchange parity.

The sale of 51 percent of Finans Pension will have a considerable contribution to Finansbank’s profit-making in the fourth quarter. The total profit anticipated is expected to amount to at least 137 million euros. In southeastern Europe the results were affected negatively by the continuing deleverage of the loan portfolio, the increased financing cost and increased provisions for bad debts.