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Greece

Greece's National Bank Reports 457-Million Euro Profit in First Half of 2020

Greece's National Bank recently reported impressive profits despite the worldwide economic downturn caused by the coronavirus pandemic this year. The National Bank Group announced that its after-tax profits totaled 457 million euros in the first half of 2020, up from...

National Bank of Greece Ends Need for European Aid

The National Bank of Greece (NBG) is the first Greek bank to have entirely eliminated its dependency on the European Central Bank's Emergency Liquidity Assistance (ELA), bringing its ELA borrowing to zero, sources said on Friday. Greece's Athens-Macedonian News Agency...

National Bank of Greece Plans to Issue First Market Bonds in 3 Years

National Bank of Greece has announced plans for a euro covered benchmark, the first Greek bank bond in the public market since 2014, and a crucial step in normalising its funding after years of costly central bank support. The three-year...

Greek National Bank's Sale of South African Unit Approved

South Africa's competition watchdog announced it had given a green light to the sale of the South African Bank of Athens (SABA), owned by Greece's National Bank (NBG), to a subsidiary of AFGRI Holdings and Fairfax Africa Investment. Greece's second-largest...

National Bank of Greece Selling Bulgarian Subsidiary

The Bulgarian subsidiary of the National Bank of Greece (NBG) is up for sale, according to banking industry sources who have reported that there are currently two bids to buy the bank. United Bulgarian Bank (UBB) is valued at 1.32...

National Bank of Greece Wins Innovation Award

National Bank's i-bank pass service excelled in the fourth international competition Distribution and Marketing Innovation Awards 2016 for financial services, organized by the prestigious organization EFMA, (with a membership of approximately 3,300 financial institutions in 130 countries) in collaboration...

National Bank of Greece Elects New Chairman Panayiotis Thomopoulos

On Thursday the National Bank of Greece elected Panayiotis Thomopoulos as its new chairman, replacing chairwomen Louka Katseli. Thomopoulos is the former deputy governor of the Bank of Greece and the former chairman of the Hellenic Financial Stability Fund.

National Bank's Chairwoman Presents Policy Priorities

Preserving and enhancing solvency and profitability of National Bank and the Group, developing new markets, products and services and funding the real economy, investing in IT, new technologies and human resources along with further upgrading corporate governance systems, were...

National Bank Ready to Support Economic Recovery, NBG Chief Katseli Says

National Bank of Greece (NBG) meets the pressing needs of the country for reconstruction of the productive base in order to safeguard social cohesion and the continuous upgrading of the educational and cultural level, its governor Louka Katseli on...

Tsipras Attempts to Please All Sides During Speech at National Bank of Greece

Greek Prime Minister’s speech on launch of the National Bank’s Act4Greece program had a bit of everything for everyone, thereby adding further weight to claims to Alexis Tsipras’ radical days are long behind him and that his main goal is...

Sale of Finansbank will have Significant Benefits for National Bank, Chairman Says

National Bank will be the strongest bank in the Greek banking market, based on its capital and liquidity, with the aim to play a leading role in the recovery of the Greek economy and of social cohesion after completion...

National Bank of Greece to Hold Emergency Meeting on Monday to Approve Sale of Finansbank

The National Bank of Greece (NGB) will hold an emergency general meeting on Monday to approve the sale of its Turkish subsidiary Finansbank, the bank announced. "After almost 10 years of successful presence in Turkey, NBG is selling Finansbank to fulfill its...

National Bank of Greece Announces Support Program for Startups

The National Bank of Greece (NBG) announced on Tuesday an initiative aimed to support startups with activities in e-commerce through its NBG BusinessSeeds program. The bank will award startups offering innovative products and services, present integrated business models, financial sustainability and...

Greek National Bank Chief: 'It Is Not in the Interest of Any Bank to Proceed with Home Foreclosures'

"It is not in the interest of any bank to proceed with home foreclosures. The motive for each bank is to keep its clients informed," Hellenic Bank Association president and National Bank's chief Louka Katselli said in statements to...

National Bank of Greece Sells Finansbank to Qatar National Bank SAQ

National Bank of Greece on Tuesday sold its 99.81 percent stake of Turkey's Finasbank AS to Qatar National Bank SAQ , the Gulf Arab region’s largest bank, for 2.75 billion euros. According to Qatar National Bank, the transaction will be...