Finansbank
Economy
Sale of Finansbank will have Significant Benefits for National Bank, Chairman Says
National Bank will be the strongest bank in the Greek banking market, based on its capital and liquidity, with the aim to play a leading role in the recovery of the Greek economy and of social cohesion after completion...
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...
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
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...
Greece
Turkish PM Davutoglu in Athens Amid Heavy Security Measures
Turkish Prime Minister Ahmet Davutoglu arrived in Athens a few minutes after 3:30 pm accompanied by nine of his cabinet's Ministers, in order to participate in the 3rd Greek-Turkish High Level Cooperation Council, to be held over two days...
Europe
Greece’s Banking Ambitions in Turkey Fading Away
The construction of the 303-million-euro ($383 million) glass diamond-shaped skyscraper in the heart of Istanbul, Turkey, is due to be completed. The pompous building will be the headquarters of Finansbank AS and for the Turkish bank's Greek owner, National...
Greece
NBG Hires Advisers for Sale of Turkish Finansbank
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...