National Bank

The interim chair of the Social Democratic Party (PSD), Marcel Ciolacu, stated on Monday evening, at public broadcaster TVR1, that Tuesday in the Standing Bureau of the Chamber of Deputies the proposals for "suspension of credit payments" and the "capping of prices for drugs and food" will be discussed, in order to be sent to the Senate, as the first notified chamber.

The public and the entire Romanian society should understand that the first urgency is that banks don't fall, and after this urgency comes solidarity, National Bank of Romania (BNR) Strategy Consultant Adrian Vasilescu said on Tuesday. "The action has to take into account urgencies.

President Iohannis on Wednesday asked the interinstitutional working group "to realistically analyse and assess" all the economic implications of COVID-19, at macroeconomic and sectoral levels. "I ask the working group to realistically analyse and assess all the implications of the COVID-19 at the macroeconomic and sectoral levels.

Moldovan prosecutors on Thursday detained four members of the board of the National Bank of Moldova, BNM, all current or former leaders of the bank, in relation to the so-called grand theft of a billion US dollars from the banking system between 2012 and 2014.

Mergers and acquisitions picked up in Greece last year as an improving investment climate led to increased deals, according to figures from business consultancy PricewaterhouseCoopers on Tuesday.

President Klaus Iohannis said on Monday that the idea of the equal tax treatment is "basically true", but in the case of the IT sector, where salaries are exempt from the income tax, the authorities need to take into account the fact that this sector has increased in the past ten years from "something insignificant to 6 per cent of the GDP." The head of state was asked if the tax exemption for

National Bank (NBG) plans to sell four portfolios of non-performing loans this year, bankers close to the process said, as Greece's recovering economy allows its major banks to focus on balance sheet repair after a 10-year debt crisis.

National Bank expects to collect some 500 million euros from the transfer of up to 80 percent of its insurance subsidiary, Ethniki, whose sale process is set to start by the end of the month.

The chief executive of National Bank's (NBG) Cypriot subsidiary, Christos Christodoulou, was appointed as NBG's new chief financial officer, taking over from Yannis Kyriakopoulos, Greece's second-largest lender said on Wednesday.
Kyriakopoulos will head NBG's real estate division, which includes real estate management subsidiaries, the bank said. 

[Reuters]

National Bank (NBG), Greece's second largest lender, has opened the books on a 10-year Tier II subordinated bond, with initial price estimates around 9 percent, IFR, Refinitiv's capital markets news service, said on Thursday.