National Bank of Greece S.A. stock (GRS003003035): Q1 profit beats but net interest income dips slightly on year-over-year basis

National Bank of Greece S.A. reported first-quarter net profit of €344 million, above consensus but down about 10% year on year, as net interest income recovers and fee income rises, according to a Marketscreener report on May 8, 2026.

Q1 net interest income stood at €541 million, down 1.3% year on year, while fee income reached €114 million, up 7.6% year on year, reflecting a continued shift toward non-interest revenue streams.

As of: 10.05.2026

By the editorial team – specialized in equity coverage.

National Bank of Greece S.A.: core business model

National Bank of Greece S.A. operates as a universal bank providing retail, corporate, and investment banking services across Greece and selected Southeastern European markets.

The bank focuses on lending to households and businesses, deposit gathering, and transactional banking, while also expanding its wealth management and capital markets activities to diversify income.

Its strategy emphasizes digitalization, cost efficiency, and further reduction of non-performing loans to strengthen capital and profitability.

Main revenue and product drivers for National Bank of Greece S.A.

Net interest income remains the largest revenue component, driven by loan volumes, interest rate spreads, and the ongoing normalization of Greek credit conditions.

Fee and commission income from payment services, card operations, wealth management, and capital markets activities has grown steadily, helping offset pressure on net interest margins.

Asset quality improvements and lower provisioning needs support earnings, while capital buffers allow selective lending growth and potential shareholder returns.

Conclusion

National Bank of Greece S.A. delivered a solid first quarter with profit above consensus despite a modest year-on-year decline, supported by resilient fee income and improving asset quality.

Challenges remain from macroeconomic uncertainty in Greece and the broader euro area, as well as competition from other Greek and international banks.

For US investors, the stock offers exposure to the Greek banking sector and the country’s economic recovery, but also carries higher country and currency risk than domestic US banks.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.

Media_Description: Bank building facade with Greek flag

Tags: National Bank of Greece S.A., GRS003003035, Banking

ISIN: GRS003003035

Summary: National Bank of Greece S.A. reported first-quarter net profit of €344 million, above consensus but down about 10% year on year, as net interest income recovers and fee income rises. The bank continues to focus on improving asset quality and diversifying revenue streams through fee-based services. For US investors, the stock offers exposure to the Greek banking sector and the country’s economic recovery, but also carries higher country and currency risk than domestic US banks.

Text: National Bank of Greece S.A. reported first-quarter net profit of €344 million, above consensus but down about 10% year on year, as net interest income recovers and fee income rises, according to a Marketscreener report on May 8, 2026. Q1 net interest income stood at €541 million, down 1.3% year on year, while fee income reached €114 million, up 7.6% year on year, reflecting a continued shift toward non-interest revenue streams. As of: 10.05.2026. By the editorial team – specialized in equity coverage. At a glance: Name: National Bank of Greece S.A.; Sector/industry: Banking; Headquarters/country: Greece; Core markets: Greece, Southeastern Europe; Key revenue drivers: Net interest income, fee and commission income; Home exchange/listing venue: Athens Exchange (ETE); Trading currency: Euro. National Bank of Greece S.A.: core business model: National Bank of Greece S.A. operates as a universal bank providing retail, corporate, and investment banking services across Greece and selected Southeastern European markets. The bank focuses on lending to households and businesses, deposit gathering, and transactional banking, while also expanding its wealth management and capital markets activities to diversify income. Its strategy emphasizes digitalization, cost efficiency, and further reduction of non-performing loans to strengthen capital and profitability. Main revenue and product drivers for National Bank of Greece S.A.: Net interest income remains the largest revenue component, driven by loan volumes, interest rate spreads, and the ongoing normalization of Greek credit conditions. Fee and commission income from payment services, card operations, wealth management, and capital markets activities has grown steadily, helping offset pressure on net interest margins. Asset quality improvements and lower provisioning needs support earnings, while capital buffers allow selective lending growth and potential shareholder returns. Read more: Additional news and developments on the stock can be explored via the linked overview pages. More news on this stock: https://www.example.com/search?query=National%20Bank%20of%20Greece%20S.A.%20stock%20(GRS003003035). Investor relations: https://www.nbg.gr/en/group/investor-relations. Conclusion: National Bank of Greece S.A. delivered a solid first quarter with profit above consensus despite a modest year-on-year decline, supported by resilient fee income and improving asset quality. Challenges remain from macroeconomic uncertainty in Greece and the broader euro area, as well as competition from other Greek and international banks. For US investors, the stock offers exposure to the Greek banking sector and the country’s economic recovery, but also carries higher country and currency risk than domestic US banks. Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.