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Actionable news in NBG: NATIONAL BANK OF GREECE S.A.,

Report of foreign issuer [Rules 13a-16 and 15d-16]

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FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to rule 13a-16 or 15d-16 of

The Securities Exchange Act of 1934

For the month of October, 2015

National Bank of Greece S.A.

(Translation of registrants name into English)

86 Eolou Street, 10232 Athens, Greece

(Address of principal executive offices)

[Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.]

Form 20-F x Form 40-F o

[Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under the Securities Exchange Act of 1934.]

Yes o No x

[If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ]

NBG Group: Q2.15 trading update

· Q2 Group PPI reaches 421m (+18% qoq) despite continued adverse FX movement in Turkey; Pre Provision Margin at 269bps

· Group NII resilient at 750m (-3.7% qoq), despite increased ELA reliance in the domestic business and further depreciation of TL in Q2. Turkish NII up by an impressive 8.3% qoq in TL terms (2.2% in Euro terms)

· Group total income in Q2 reached 972m up 10.3% qoq supported by trading gains

· Group operating expenses at 552m (+5.2% qoq), yield a C:I of 57%. In Greece, operating expenses stood at 256m (+1.7% qoq) with personnel expenses down by 0.7% qoq

· Group 90dpd formation drops sharply to 133m in Q2 vs 476m in Q1; In Greece, formation stood at 41m vs 336m in Q1 reflecting accelerated restructuring flows

· ...


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