NBG

Greece's fourth-biggest bank, Alpha Bank, announced on Monday that approximately 21% of its 10,000 employees will enter a voluntary exit plan that was launched last month, aiming to cut costs. Alpha Bank's target is to cut 15% to 20% of its workforce in order to...

National Bank of Greece (NBG) has hired other banks including Goldman Sachs, Morgan Stanley and Bank of America Corp to work as advisers on the sale of 40% of Turkish Finansbank, reported Bloomberg. NBG is planning on selling its shares...

The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank - including the integration of several Greek banks - to be in line with EU state...

In September 2013, nearly one in three loans (31.2%) was not paid, while almost one in two borrowers (45.8%) did not pay their credit card installments. This is one of NBG’s biggest problems, as well as commercial banks that...

Astir Palace Resort in Greece was sold for 400 million euros to Saudi Arabian fund ACG, which is allied with the Turkish Dogus Group and four other Arab funds who combined forces in order to submit the highest bid...

The National Bank of Greece (NBG) sold 66% of its real estate unit to Invel Real Estate Partners for 653 million euros. Invel decided to make the move  since they are betting on the country’s economic recovery. According to an...

National Bank of Greece, the country’s largest lender, reached an agreement to sell most of its real estate unit in a transaction that values the company at more than 1 billion euros, two people with knowledge of the matter...

Two priests were arrested in Trikala and then convicted by Larissa’s Court of Assize to 18 years and 6 years imprisonment on charges of embezzling a total of 930,000 Euros that were destined for the payroll of clergymen in...

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds of loans, while Piraeus Bank and Eurobank also proceeded to the same reductions on interest...

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough money privately to avoid nationalization after Eurobank failed to do so. Greece's banks were brought...