National Bank

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Military Plane Crash in Spain - Casualties Unclear

A FIGHTER jet has crashed in Spain as it was returning from a military parade, according to reports, quoted by express.co.uk

The Eurofighter crashed near to the Los Llanos air base in Albacete south of Madrid.

It was reportedly on its way back from participating in a military parade in Madrid to mark Hispanic Day.

It remains unclear if there are any victims.

Alpha profit tumbles in Q2 while National posts net loss

National Bank, Greece's second-biggest lender by assets, swung to losses in the second half of the year, while Alpha, Greece's fourth-largest, reported sharply lower profit in April-to-June after taking a loss on the sale of its Serbian subsidiary, despite lower provisions for impaired loans.

Bank stocks revert to levels last seen during share capital increase

The completion of the second bailout review has led credit sector stocks to 12-month highs. The new agreement between Athens and its creditors has put banking stocks back on investors' radar screens as expectations that this could mean the crisis is bottoming out have strengthened.

NBG gets shareholder approval for Ethniki sale

National Bank of Greece shareholders on Friday approved the sale of a majority stake of its insurance subsidiary to Anglo-Dutch consortium Calamos-EXIN.

EXIN is buying 75 percent of the division for 718.3 million euros.

The sale is part of National Bank's strategy to focus on core banking activities under a restructuring plan approved by the European Commission.

National clears sale of Ethniki to Calamos-Exin

The board of Greece's National Bank (NBG) approved the sale of a majority stake in the group's wholly owned insurance subsidiary Ethniki to American-Dutch consortium Calamos-Exin, a banker close to the deal told Reuters on Tuesday.

NBG is selling the unit as part of a restructuring plan approved by the European Union to exit non-banking operations and focus on core banking.

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