Pavlos Mylonas

National Bank, Greece's second-largest lender by market value, on Tuesday reported higher net earnings in the first nine months of 2023 compared with the same period a year ago as net interest income rose.

NBG, 40% owned by the country's HFSF bank rescue fund, said net earnings reached 791 million euros from €680 million in the first nine months of 2022.

National Bank's goal is to become a "platform of cooperations" exploiting international trends and technologies toward improving customer experience and expanding its clientele even further, Pavlos Mylonas, the bank's CEO, said on Friday.

SMEs around Greece impacted by COVID-19 are eligible for funding from a new 1.125-billion-euro financing scheme by National Bank of Greece (NBG), itself supported by the European Guarantee Fund (EGF).

National Bank of Greece's new program aimed at settling nonperforming housing loans provides for a more aggressive approach to the management of its bad-mortgage portfolio, including debt write-offs.

Greece's second-largest lender National Bank (NBG) will sell three portfolios of non-performing loans this year, its chief executive said on Friday.

Presenting the bank's 2019-2022 strategy, Chief Executive Officer Pavlos Mylonas told reporters that the bank plans to securitize about 3 billion euros ($3.35 billion) of soured loans in the next four years.

The need for change at National Bank of Greece is "imperative," the lender's chief executive, Pavlos Mylonas, tells Kathimerini, heralding its transformation into a "modern bank that will respond to new challenges."

National Bank needs to be transformed, chief executive Pavlos Mylonas told Kathimerini in an interview, during which he said the historic lender is turning into "a modern bank that will respond to the new challenges."

National Bank of Greece will not restart the sale of Ethniki Insurance before the second half of this year, as it has been granted a two-year extension to end-2020 for that purpose by the European authorities.

The key condition for banks to hit their targets for reducing nonperforming exposures is that property prices continue to climb, according to the National Bank's chief executive officer, Pavlos Mylonas.

He was speaking at the Capital+Vision conference, organized by the German-Greek Chamber of Commerce and Industry, in Athens on Monday.

The second-quarter financial results published by the National Bank of Greece (NBG) on Friday reflected the gradual strengthening of operating profits and of liquidity, and the achievement of the target for the reduction of nonperforming exposures for the entire 2018 already from the first half of the year.