National Bank of Greece
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Banks see rates staying high
Greek banks estimate that interest rates will remain high, namely between 2.7% and 3% in 2024-2026, keeping interest income at high levels for the following years as well.
Interest income increased by 51% to 8.1 billion euros in 2023, contributing the bulk of organic revenue of €10.4 billion.
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National Bank of Greece raises 500 million euros in bond issue
The National Bank of Greece announced this week that it has successfully completed the placement of a reduced-security bond in the market amounting to 500 million euros with a return of 5.875%.
The bond has a duration of 11.25 years with a callable period of 6.25 years.
NBG issues 500-million-euro Subordinated Tier II bonds
The National Bank of Greece has successfully completed the placement of a reduced-security bond in the market amounting to 500 million euros with a return of 5.875%, the lender announced.
The bond has a duration of 11.25 years with a callable period of 6.25 years.
National Bank of Greece records profits on high interest rates
National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.
Key figures from the Metapolitefsi period weigh in on its legacy
Has the Metapolitefsi period concluded? What lessons does it impart? Is its overall legacy positive? These are they key questions that guided the discussions on the inaugural day of the conference titled "50 Years of the Metapolitefsi."
National Bank present new logo, ‘marking new era’
The National Bank of Greece (NBG) presented its new logo in a press conference on Wednesday. Chairman of the Bank's board Gikas Hardouvelis pointed out that the new image of the Bank marks a new era and at the same time highlights the great change that occurred in the bank in recent years.
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ATHEX: New 12-week high for the benchmark
The decline of the stock of National Bank of Greece did not suffice to prevent the benchmark from climbing to a new 12-week high on Monday. The daily turnover reverted to high levels at the start of the week that might bring Greece once again to climbing the steps to investment grade as Fitch Ratings will issue its verdict on Friday.
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Greece starts process to sell 20% stake in National Bank
Greece on Monday announced plans to sell a 20% stake in the National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders.
Market sees negative run end, for now
The Athens Stock Exchange closed with mild gains of 0.9% on Wednesday, ending a run of three negative sessions.
The general index closed at 1,279.92 on turnover of €77.3 million. Blue chips gained 0.24%, mid-caps 0.36% and banks 0.02%.
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National Bank of Greece reports strong return on equity
National Bank of Greece announced a first-half profit after tax of €530 million Tuesday, slightly lower than the €546 million posted in the first half of 2022.
Core profit after tax stood at €508 million for the half, of which €288 million was in the second quarter, with return on tangible equity exceeding 16%, the bank said.