Greece

Greece's startup ecosystem is steadily growing as Athens based VC fund Marathon Ventures announced an increase to their fund with the addition of European Investment Fund, National Bank of Greece as well as other key player’s funds under the new Equifund scheme....

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...

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...

The sale of National Bank's (NBG) entire 67.23 percent stake in the hotel and property resort of Astir Palace Vouliagmenis SA to Apollo Investment Holdco SARL for approximately 299 million euros is credit positive because it will enhance the...

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...

Hellenic Bank Association president and National Bank's chief Luca Katseli said in an interview with Kathimerini newspaper, on Sunday, that the possibility of a deposits haircut and a new banks recapitalization is out of the question. "Greek systemic banks just came out...

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...

Eurogroup's decision of no haircut on the bank deposits is an important step of confidence-building towards the Greek banking system as well as the immediate disbursement of 10 billion euros for the banks' recapitalization, estimated the president of the...

Speaking at a conference of the Greek Institute of Internal Auditions on "Internal control in the middle of developments," National Bank of Greece (NBG) CEO Alexandros Tourkolias revealed that most of the bank's loans are investment loans, spent over...

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...

Greece's second-biggest lender, the National Bank of Greece has unveiled the terms of a planned share capital increase that must be approved by the shareholders' general meeting on May 10. The bank plans to raise up to 2.5 billion euros, mainly from...

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...

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...

As Greece and envoys from international lenders are still at odds over whether the National Bank of Greece and Eurobank should merge, as the government wants, the banks will be recapitalized separately, according to two bankers who were not...