Bank of Greece

The six critical milestones of the Medium-term Fiscal and Management Plan 2025-2028 that the Greek government will submit to the European Commission were presented by Kostis Hatzidakis to the House Economic Affairs Committee.

The Minister of National Economy and Finance said that Ecofin will certify in the near future that:

State revenues to date from the privatizations of the four systemic banks amount to 3.5 billion euros, after this week's sale of 10% of National Bank of Greece, which raked in a total of €690.1 million.

It has been 50 years since the founding declaration of New Democracy on October 4, 1974. The declaration was signed solely by Konstantinos Karamanlis, just two and a half months after his return to Greece, following 11 years of self-imposed “exile” in Paris. Thus, the party was established, which, along with PASOK, became the two main pillars of the post-dictatorial Greek Republic.

“The Bank of Greece welcomes the completion of the placement by the Hellenic Financial Stability Fund (HFSF) of 10% of the share capital of National Bank of Greece,” says the Governor of the CBE Giannis Stournaras, on the occasion of the completion of the placement of NETE.

Speaking at the Piraeus Shipping Club, Bank of Greece Governor Yannis Stournaras addressed the challenges facing Greek shipping.

He emphasized that despite the significant contribution of Greek shipping to the economy, accounting for 7.9% of GDP, policy measures are needed to attract more ships to sail under the Greek flag and increase their commercial management from Greece.

Bank bailout fund HFSF has said that it will not accept bids below 7.55 euros per share in an equity offering of National Bank of Greece, citing strong demand by investors.

HFSF is selling a 10% stake in National Bank, the country's second largest bank by market value, through a book-building process and a public offer in Athens which ended at 3 p.m.

The Medium-Term Fiscal Structural Plan for 2025-2028 foresees a sharp rise in GDP, significant primary surpluses, and a drop in unemployment to pre-crisis levels, according to the presentation by National Economy and Finance Minister Kostis Hatzidakis and his deputy, Thanos Petralias, on Monday.

Demand for the 10% stake in the National Bank of Greece was covered approximately nine times on Monday, the first day that the offer book was opened, with the disposal of 91,471,515 shares out of the total of 168.2 million shares controlled by the public.

Recognizing the need to highlight entrepreneurial ideas that can transform our country into a productive, extroverted, and competitive economy and aiming to provide comprehensive support to innovative scientists, research teams, and start-up entrepreneurial efforts to realize their potential and their vision, the National Bank of Greece has been implementing for 15 years a holistic program to s

The placement of a 10% in National Bank of Greece dominated the interest of traders and outshone the bourse session on Monday. Therefore sellers increasingly played without an opponent at Athinon Avenue at the start of the week, with the benchmark losing a significant portion of its gains registered last week. Even so, September closed with monthly gains of 1.45%.