Bank of Greece

Stournaras: The urgent completion of the first review is imperative

A successful completion of the first review of the Greek program was of crucial importance, because it would signal the beginning of talks with Greece’s partners on restructuring Greek debt, while at the same time it will be the key to restoring confidence and the return of deposits to the banking system, Bank of Greece governor Yiannis Stournaras said on Monday.

Foreign investors starting to ask 'how far is Istanbul from Syria?'

Turkey suffered a drop in mergers and acquisitions (M&A) last year of around $7 billion from the year before, as foreign investors start to be spooked by the country's exposure to unrest from neighboring Syria, according to a new report by Ernst & Young (EY). 

The drop comes at a time when the global M&A volume hit record high levels of $5.6 trillion, according to EY. 

Stournaras: Greece cannot deal with another crisis with the lenders

Bank of Greece governor Yannis Stournaras gave a warning about the risk of Greece failing to reach an agreement with its lenders regarding a set of measures while Prime Minister Alexis Tsipras reiterated his government won’t yield to “unreasonable” demands for more pension cuts.

Bank credit in domestic private sector negative in November

The  Bank of Greece on Wednesday  released its monthly report stating that the monthly net flow of total credit to the domestic private sector was negative at 458 million euros, compared with a negative net flow of 412 million in the previous month. Bank credit to the domestic private sector continued to be negative in November, with the annual rate at -2.2% from -2% in the previous month.

NBG CEO says banks not interested in home foreclosures

National Bank of Greece CEO Louka Katselli said in a statement to private Mega TV on Monday that “it is not in the interest of any bank to proceed with home foreclosures, while underlining that each bank wants to keep tis clients informed. She underlined that no bank will sell loans to foreign funds, explaining that banks in 2016 are not the same as banks in 2010.

Qatar National Bank set to buy Finansbank from National Bank of Greece

Qatar National Bank (SAQ) agreed to buy National Bank of Greece SA’s (NBG) stake in its Turkish subsidiary, Finansbank AS, for 2.7 billion euros ($2.95 billion). The deal to buy NBG’s 99.8% holding needs to be approved before it can close in the first half of 2016.

Qatar National Bank to buy Turkey's Finansbank for $2.95 bln

Qatar National Bank (QNB), the Gulf Arab region's largest bank, has agreed to buy Turkey's Finansbank from the National Bank of Greece (NBG) for 2.7 billion euros ($2.95 billion), as it steps up its search for larger markets overseas. With the latest acquisition, Qatari companies have strengthened their hands in the Turkish market. 

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