NBG
Economy
NBG, Eurobank, Will Recapitalize Apart
As Greece and envoys from international lenders are still at odds over whether the National Bank of Greece and Eurobank should merge, as the government wants, the banks will be recapitalized separately, according to two bankers who were not...
Economy
Troika Nixes National Bank-Eurobank Merger
After not opposing a merger of Greece's National Bank with Eurobank, the country's internatonal lenders now have asked for it to be stopped, fearing the combined entity would have too much financial power and be too big for the...
Canada
Fairfax Eyes Bank Of Greece Stake
Greece΄s biggest lender, National Bank (NBG), said that Canadian investment fund Fairfax Holdings was interested in acquiring a stake in it by taking part in a planned recapitalization, Reuters reported.
NBG has recently taken over its former biggest rival, Eurobank....
Economy
Greece's Big Banks Need Bailout Too
Greece’s four biggest banks have reported they were so battered by losses imposed by a previous government on investors that they will need a 27.4 billion euros ($36.29 billion) injection as they try to stem more losses as the...
Economy
Qatar Bank Eyes Greek NBG's Turkish Subsidiary
Finansbank AS, owned by National Bank of Greece SA (NBG), will probably be a target for Qatar National Bank SAQ as the Middle East's biggest lender studies buying one of Turkey's top 10 banks, Kathimerini reported quoting analysts.
"QNB wants...
Economy
Cruises Could Fetch Billions, Study Reveals
Greece could be looking at annual revenues of two billion euros from the cruise sector in 2016 if the growth of the sector globally follows projections and Greek ports are used for home porting by at least two-thirds of...
Economy
Emporiki To Be Recapitalized Before Being Sold
The Greek bank rescue fund told lenders interested in buying Credit Agricole SA's (ACA.FR) Emporiki Bank of Greece business that a deal can only happen if the Greek unit is recapitalized first to avoid pumping taxpayers' money into the...
Economy
Greek Lenders To Get Temporary Capital Boost Ahead of Final Recap
Greek lenders will get a temporary capital boost from the state in the form of bonds until the country finalizes a bank recapitalization plan that has been pushed back until after the May 6 elections, a local newspaper reported...