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National Bank

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...

NBG Sells Off 67.23% Stake in Astir Palace

The sale of National Bank's (NBG) entire 67.23 percent stake in the hotel and property resort of Astir Palace Vouliagmenis SA to Apollo Investment Holdco SARL for approximately 299 million euros is credit positive because it will enhance the...

Katseli Criticizes New Corporate Governance Framework for Greek Banks

Restrictive criteria of a new law on banks' corporate governance framework imposed a one-dimensional management scheme on Greek banks, with board members having a limited and restricted field of knowledge and expertise, was the conclusion drawn by Luca Katseli, president...

Greece's Bank Association Announces Capital Controls Could be Lifted by End of 2016

According to Greece's banking association Greece might be able to lift most or all capital controls by the end of the year. On Saturday, the association said that the controls which apply restrictions that only 420 euros a week can be withdrawn from banks might be...

National Bank's Chairwoman Presents Policy Priorities

Preserving and enhancing solvency and profitability of National Bank and the Group, developing new markets, products and services and funding the real economy, investing in IT, new technologies and human resources along with further upgrading corporate governance systems, were...

Sustainability of Enterprises Leans on Efficient Management of NPLs, Katseli says

An efficient management of non-performing loans -- particularly business loans -- could become a determine factor in the sustainability of enterprises in multiple ways, National Bank's chairman Louca Katseli said. Addressing an event organized by QualityNet Foundation to present a...

Athens Stock Exchange Takes 5% Plunge

The Athens Stock Exchange took a 5 percent plunge on Wednesday closing at 531 points, generating turmoil among foreign investors. The dip in bank shares was substantial, reaching almost 14 percent for Eurobank and Piraeus Bank. At 4:20 pm the general...

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...

IOBE Says Greek Economy Will Grow by 0.7%

The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated. IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...

Man Sets Up Courier Agency in Greece to Send Bombs

A bomb that was sent to a branch of the National Bank in Pagrati, Athens, Greece, spread panic and set off alarm bells to the counterterrorism service. The police authorities immediately called the Department of Explosive Devices Dismantling. The police...