Calamos Supports Greece

NBG

Huge Increase in Tourist Revenue in Greece in July

The tourism industry in Greece was optimistic about the Summer season this year after a brutal 2020 -- but few expected the huge increase of tourists to Greece that July saw. According to Bank of Greece data released Tuesday, the...

Possible NBG Bond Buy by ECB Could Offer Support to Greek Economy

The European Central Bank could buy covered bonds issued by the National Bank of Greece under its asset purchase scheme, providing indirect support for the Greek economy, according to financial sources familiar with the matter. NBG this week sold 750...

NBG Report Calls for Upgrade in Greek Hotels, to Boost Revenue

Tourism is Greece's heaviest -and only growing- industry generating millions for both  private businesses and the state, but apparently it is in need of an upgrade. The National Bank of Greece (NBG) released a study calling for a “crucial” upgrade...

Head of Banking Body: Political, Economic Stability Key in Allowing Banks to Support Economy

Political and economic stability as well as the effective management of non-performing loans (NPLs) are two of the five main preconditions that would allow the domestic banking system to contribute effectively to Greece’s growth and provide loans to small...

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...

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...

NBG Governor: '2016 Marks the Beginning of a New Course for NBG

National Bank of Greece Governor Louka Katseli noted: "2016 marks the beginning of a new course for National Bank, which next year celebrates its 175-year anniversary," on Monday, ahead of the listing of new shares in the stock market. Katselli...

Bank of Greece: Surplus in the Greek Budget from January – August 2015

The Greek state budget showed a primary surplus of 3.06 billion euros in the January through August period, from 2.3 billion in the same period last year, the Bank of Greece said on Monday. The central bank, in a report...

Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

Kalashnikov Used in Murder of Domokos Warden Traced to Attempted Bank Robbery

The Kalashnikov rifle used in the attack against the chief warden of Domokos’ high security prison on Saturday was also used in an armed robbery at a National Bank of Greece (NBG) branch in Aspropyrgos, in 2012, according to the ongoing...