Greece’s NBG Swings To Loss, Sees Deposit Outflows Slowing

ATHENS (Dow Jones)–National Bank of Greece SA (NBG), the country’s largest lender by assets, Wednesday announced more than half a billion euros in losses for the first quarter on account of rising bad loans, but sought to ease investor concerns about its cash position in the face of recent deposit withdrawals.

For the three months to March, the bank posted a net loss of EUR537 million compared with a EUR157 million profit a year earlier, after booking …