National Bank

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Overwhelming offers for NBG

Bank bailout fund HFSF confirmed on Thursday the sale of 22% of the share capital of National Bank, out of the total 40.39% currently held by the state, after the unprecedented sum of offers observed in the private placement, with the sale oversubscribed by more than eight times.

National Bank sees earnings climb in Jan-Sept

National Bank, Greece's second-largest lender by market value, on Tuesday reported higher net earnings in the first nine months of 2023 compared with the same period a year ago as net interest income rose.

NBG, 40% owned by the country's HFSF bank rescue fund, said net earnings reached 791 million euros from €680 million in the first nine months of 2022.

Goldman Sachs anticipates more takings for Greek banks

Goldman Sachs expects Greek banks to show strong results in the third quarter of the year as well, following the trend of the second quarter, with further strengthening of net interest income, which will be supported by the 50-basis point increase in interest rates, to which it is estimated that the European Central Bank will have progressed in the specific period.

ASE posts mild gains to end week

The Athens Stock Exchange posted mild gains on low turnover Friday without venturing into negative territory. However, it ended lower for the week for a second consecutive time.

The general index closed at 1,319.52 points, a gain of 0.40%, on turnover of €76.1 million. Blue chips rose 0.41%, mid-caps 1.55% and banks 1.53%.

PM Citu: We are moving in direction in which Romania is no longer low wage country

Prime Minister Florin Citu stated, on Tuesday, that the data regarding inflation presented on Monday by the National Bank of Romania (BNR) represent an estimation, yet there are "interesting" figures regarding wages, which show that Romania is going in the direction in which "it is no longer a low wage country." The National Bank of Romania (BNR) increased to 5.6 pct the inflation forecast for