National Bank
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Greece's National Bank agrees to sell South African unit
Greece's second-largest lender National Bank (NBG) agreed to sell its entire 99.8 percent stake in its South Africa Bank of Athens (SABA) subsidiary to AFGRI Holdings as part of an EU-approved restructuring plan, the bank said on Tuesday.
Sale of Ethniki Insurance is imminent
The submission of binding offers for the acquisition of National Bank's insurance arm appears to be just a matter of days, if not hours, following the rejection by the European Commission's Directorate-General for Competition of Greece's request to suspend the sale.
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Montenegro Coup Suspect 'Was Russian Spy in Poland'
The Polish ambassador to Podgorica, Irena Tatarzynska, told BIRN that Russian military officer Eduard Shishmakov, one of the leading suspects in the alleged coup plot in Montenegro, was thrown out of Poland due to a spying accusation.
ATHEX: Alpha Bank leads bourse higher
Alpha, the Greek stock market's best performing bank in the last 12 months, led blue chips and the bourse benchmark to a third day of gains on Tuesday, although the second bailout review's eagerly awaited conclusion did not get any closer.
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ATHEX: Stocks rally on hopes of breakthrough
The prospect of an agreement between Athens and its creditors in Brussels on Friday fueled stock prices at Athinon Avenue and went some way toward dispelling the sense of despair that had culminated on Thursday. Bank investors finally had something positive to act on, leading the credit sector stocks to a rise of 6.61 percent. However, it wasn't enough to offset all of the week's losses.
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Foreigners buy assets in Greece, as Greeks are forced to sell
The mergers and acquisitions (M&A) chart of Greece in 2016 that PricewaterhouseCoopers presented on Wednesday showed that foreigners have been acquiring assets in Greece while Greeks have generally been selling.
National Bank of Greece sells Bulgarian subsidiaries
National Bank of Greece agreed to sell a 99.1 percent stake in its Bulgarian unit United Bulgarian Bank (UBB) and its fully owned leasing subsidiary Interlease EAD to Belgian bank KBC Group, National Bank said on Friday.
NBG hires Morgan Stanley, Goldman as sale advisers
National Bank (NBG) has hired Goldman Sachs and Morgan Stanley as advisers on the sale of a stake in its insurance subsidiary Ethniki Insurance, banking sources close to the procedure said on Thursday.
Founded in 1891, Ethniki Insurance is the oldest insurer in Greece and is fully owned by NBG.
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Labour Protests Shake Romania Ahead of Election
Public-sector employees from institutions across Romania protested on Tuesday demanding better wages ahead of parliamentary elections next month, with some unions threatening strikes in December if demands are not met.
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No decision on management of National and Piraeus
National and Piraeus banks still haven't completed their administrative changes, a process that is necessary for them to move on after their recapitalization and restructuring.
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