National Bank of Greece (NBG) Risies on Strong State Fiscal Report

National Bank of Greece (NYSE: NBG) is trading strong Wednesday following a fiscal update from Greece's Ministry of Finance.

According to the Finance Ministry, Greece's budget deficit for January through July 2014 came in at €1.93 billion, versus estimates calling for a deficit of €3.36 billion. The state's primary budget surplus, which excludes account interest payments, was at €2.56 billion, while estimates were looking for a surplus of €800 million.

Revenue over the same period rose to €30.79 billion, versus estimates of €28.88 billion. Expendetures were at €32.72 billion, compared with estimates calling for €32.24 billion.

Data suggests that Greece will surpass its annual fiscal targets for the third year.

National Bank of Greece is up over 4 percent.

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