National Bank of Greece 2Q14 Earnings Call Notes

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This post is part of a series of posts called “Company Notes.” These posts contain quotes and exhibits from earnings calls, conference presentations, analyst days and SEC filings. Full transcripts can be found at Seeking Alpha

Greek recession ends

“in Q2 the economy exits recession recording the first positive sign, it’s up 0.5% Q-on-Q in seasonally adjusted terms and this marks the effective end of recession following 18 consecutive quarters of sharp contraction.”

Markets confirm recovery

“This abundance of positive evidence from the real economy indicating that the real economy is recovering and on track to meet its program target, is also confirmed by the markets. Indeed the Greek 10-year government bond spread over bonds is at four years low and Greek banks have successfully issued episode of corporate bonds.”