National Bank of Greece (NBG)
Economy
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...
Economy
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...
Greece
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...
Greece
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...
Archaeology
Crowd Funding Campaign to Restore Ancient Theater of Cassope Aims at Raising €80,000
A non-profit organization has partnered with the National Bank of Greece (NBG) to launch a crowd funding campaign to conduct a restoration of the ancient theater of Cassope, located in Epirus, western Greece.
Using the bank’s crowd funding platform at...
Greece
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...
Business
Chairman of Greece's Biggest Bank Optimistic on Recapitalization
The Chairman of the National Bank of Greece (NBG), Louka Katseli expressed her confidence that the Greek bank recapitalization will successfully go ahead, while addressing the bank's stockholders on Tuesday.
The European Central Bank's comprehensive assessment of Greece's four major banks, Alpha Bank,...
Economy
National Bank of Greece Governor: Capital Controls Gone by Early 2016
The president of Hellenic Bank Association and National Bank governor Louka Katseli said in a meeting with the National Confederation of Commerce and Entrepreneurship (ESEE) on Monday that she is in favour of secondary business opportunities and the settlement...
Business
Greater Online Presence Could Raise Revenue of Greek Hotels by Up to €2.0 Bln
If Greek hotels managed to raise their online presence to the same level as the Mediterranean average for Europe, national income from tourism could increase by an estimated 1-2 billion euros a year, according to a National Bank of...
Economy
Eurobank to Take Over Alpha Bank Branches in Bulgaria
Eurobank, one of Greece's biggest banks, will take over the business of another major Greek bank, Alpha Bank, in the neighboring Balkan country of Bulgaria.
Eurobank's subsidiary, Postbank, will buy the Bulgarian branches of Alpha Bank's subsidiary, Alpha Bank Bulgaria.
Postbank will reportedly take...