National Bank of Greece
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European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.
Partnership with National Bank of Greece, Piraeus Bank
Piraeus Bank, Greece's largest lender by assets, on Wednesday opened books for a 10-year Tier 2 bond issue, aiming to raise about 500 million euros ($546 million), a source close to the deal said.
"Piraeus Bank is opening books for a 10-year issue, aiming at about 500 million euros," the source told Reuters.
Pricing is seen in the low 6 percent range, the source added.
EximBank has finalized the acquisition of Banca Romaneasca SA (BROM), with the submitted bid being part of the agreement concluded in June 2019 between EximBank and National Bank of Greece (NBG) on the purchase of the latter's 99.28 percent stake in BROM, the bank said in a release.
"The Tenants" tells the story of Thessaloniki's Villa Kapandji, a stately townhouse built in 1890 for a prominent Donmeh banker that went on to become a boys' school and is now one of the arts centers of the National Bank of Greece Cultural Foundation (MIET). The show illustrates how each chapter of the building's life also represented a chapter in the history of the northern port city.
The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).
Small and medium-sized enterprises are experienced a surge of confidence in their economic prospects.
Research by National Bank of Greece on a sample of 1,160 firms with turnover of less than 10 million euros showed the confidence index jumping to a 10-year high of 18 in the first half of 2019, up from 13 in the second half of 2018.