Greece
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
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...
Greece
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...
Greece
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.
Economy
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...
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
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...
Economy
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...
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...
Greece
National Bank of Greece Reports Losses in Q1
National Bank of Greece (NBG) reported losses of 159 million euros in the first quarter of 2015, integrating domestic losses of financial results worth 112 million euros.
Commenting on the results, NBG CEO Leonidas Fragkiadakis said: “Against strong headwinds, which...
Economy
National Bank of Greece, Eurobank Said to Be in Talks to Merge
Greek stock market authorities have temporarily suspended trading in the country's two biggest banks following press reports that they are in merger talks.
Shortly before the decision, shares in top lender National Bank of Greece and its main domestic rival...
Economy
National Bank of Greece Chairman Rapanos Resigns
The chairman of National Bank of Greece SA (NBG, ETE.AT), Vassilis Rapanos, resigned from his post Wednesday, citing health issues, according to a letter of resignation he handed to the lender's Board of Directors.
"After about two and a half...
Economy
Eurobank Close to Merger with National Bank of Greece
Rumours say that Eurobank is close to a merger with The National Bank of Greece.
According to Axia newspaper, the merger is very close to happening. The aim is to create a new bank club, which will be able to...
Economy
Alpha Bank Rejects National Bank of Greece's Merger Proposal
Alpha Bank SA, Greece’s third- biggest bank, rejected an unsolicited 2.8 billion-euro ($3.8 billion) takeover bid from National Bank of Greece SA, the nation’s largest lender, saying the offer was inadequate.
Alpha’s board voted unanimously to spurn National Bank’s all-stock...