Greece
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National Bank of Greece (NBG)

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...

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...

Greek National Bank's Sale of South African Unit Approved

South Africa's competition watchdog announced it had given a green light to the sale of the South African Bank of Athens (SABA), owned by Greece's National Bank (NBG), to a subsidiary of AFGRI Holdings and Fairfax Africa Investment. Greece's second-largest...

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...

Crowd Funding Campaign to Restore Ancient Theater of Cassope Aims at Raising €80,000

A non-profit organization has partnered with the National Bank of Greece (NBG) to launch a crowd funding campaign to conduct a restoration of the ancient theater of Cassope, located in Epirus, western Greece. Using the bank’s crowd funding platform at...

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...

Chairman of Greece's Biggest Bank Optimistic on Recapitalization

The Chairman of the National Bank of Greece (NBG), Louka Katseli expressed her confidence that the Greek bank recapitalization will successfully go ahead, while addressing the bank's stockholders on Tuesday. The European Central Bank's comprehensive assessment of Greece's four major banks, Alpha Bank,...

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...

Greater Online Presence Could Raise Revenue of Greek Hotels by Up to €2.0 Bln

If Greek hotels managed to raise their online presence to the same level as the Mediterranean average for Europe, national income from tourism could increase by an estimated 1-2 billion euros a year, according to a National Bank of...

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...