national bank of greece
Business
Greece Sells Stakes in Two Major Banks
Greece on Monday announced plans to sell a 20 percent stake in the National Bank of Greece (NBG) after concluding the sale of a 9 percent stake in Alpha Bank to UniCredit.
The shares in NBG, Greece's second-largest bank by...
Economy
Greek Banks Win Credit Upgrades from Fitch and Moody’s
Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody's on Tuesday following a recent round of upgrades of Greece's credit rating.
Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability...
Greek News
Greek Tourism on Track for Record Setting Year
Greek tourism is on track for a record year, confirming the industry’s role as the driver of the country’s economy, the latest data from the Bank of Greece show.
According to official data, the country welcomed a total of 5.76...
Business
Moody’s Upgrades the Four Largest Greek Banks
The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive.
The upgrade, "driven by their improving asset quality and solvency and good...
Business
Greek Insurance Conglomerate Ethniki Sold to Private Fund
The leading Greek insurance company Ethniki Insurance, was sold to CVC Capital Partners Fund VII, a private equity firm.
Greece
Greece's National Bank Reports 457-Million Euro Profit in First Half of 2020
Greece's National Bank recently reported impressive profits despite the worldwide economic downturn caused by the coronavirus pandemic this year.
The National Bank Group announced that its after-tax profits totaled 457 million euros in the first half of 2020, up from...
Economy
The Top Greek Exports that Helped Greece Through the Financial Crisis
When it comes to how Greece has stayed afloat throughout the financial crisis that has gripped the nation since 2010, it is no surprise that products that contributed to the country's economy are certain dynamic exports that are exclusive...
Business
EXIN Buys 75% of Ethniki Insurance in 718 Million Euro Deal
The acquisition of 75% of the Ethniki Insurance, a subsidiary of the National Bank of Greece (NBG), was announced by the Dutch EXIN, which agreed to pay 718 million euros.
Ethniki Insurance was founded in 1891 and became a cornerstone...
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.
Greece
Onassis' Mercedes to Be Auctioned Off Along With Dreams of Better Times
The National Bank of Greece (NBG) is auctioning off Onassis property. In particular, Alexander Onassis' Mercedes 1972 and items of furniture are being sold off 43 years after the tragic airplane accident that cost Aristotle Onassis' only son his life. The...