national bank of greece

Holders of Greek bonds, including Greek banks as well as foreign institutions, have agreed to sell back some 30 billion euros ($38.8) of their holdings, government officials said, meeting a target to release a series of $56.7 billion in...

According to a report on Austrian Public Broadcasting, Greek tourism seems to have rebounded a bit from projections in the spring, during uncertainty over elections, and will finish the year better than expected. Revenues are still expected to be down...

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...

A makeshift bomb exploded outside a National Bank of Greece branch in Athens early on Aug. 28, causing minor damage but no injuries, police said. Windows were smashed and four parked cars were hit with debris from the blast,...

While recession is restlessly breaking the back of the Greek economy, the National Bank of the country is looking to sell the famous Astir Palace luxury resort in Athens. The 3.3 million-square-foot complex is part of a general privatization...

ATHENS – Greece’s beleaguered banks, beset by nervous Greeks yanking out billions of dollars in the frantic period ahead of the critical June 17 elections and holding on thanks to an emergency injection of $23.9 billion in a bailout,...

The Greek government, a coalition of New Democracy, PASOK and Democratic Left parties, named their new Finance Minister, Vassilios Rapanos. He will carry a crucial portfolio, and as a result  international media are reporting on his professional profile today. Some...

Greek deposit outflows have accelerated before this weekend’s elections, two bankers familiar with the situation said, on concern the nation may move closer to abandoning the euro. Daily withdrawals have increased to the upper end of a 100 million-euro to...

ATHENS – Despite more than two years of record cost-cutting, including slashes in salaries and pensions in addition to record tax hikes demanded by international lenders in return for $325 billion in two bailouts, Greece’s economy is continuing its...

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international lenders to reduce its debt, the country’s four largest banks have been given 18 billion...