National Bank of Greece
NBG issues 500-million-euro Subordinated Tier II bonds
The National Bank of Greece has successfully completed the placement of a reduced-security bond in the market amounting to 500 million euros with a return of 5.875%, the lender announced.
The bond has a duration of 11.25 years with a callable period of 6.25 years.
National Bank of Greece records profits on high interest rates
National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.
Cyprus a key hub for ‘digital highway’
A crucial milestone is expected in March for the East to Med Data Corridor (EMC) telecommunications submarine cable system, an ambitious project aimed at creating an "international digital highway," where Cyprus, Greece and Saudi Arabia are key components.
- Read more about Cyprus a key hub for ‘digital highway’
- Log in to post comments
National Bank present new logo, ‘marking new era’
The National Bank of Greece (NBG) presented its new logo in a press conference on Wednesday. Chairman of the Bank's board Gikas Hardouvelis pointed out that the new image of the Bank marks a new era and at the same time highlights the great change that occurred in the bank in recent years.
- Read more about National Bank present new logo, ‘marking new era’
- Log in to post comments
ATHEX: New 12-week high for the benchmark
The decline of the stock of National Bank of Greece did not suffice to prevent the benchmark from climbing to a new 12-week high on Monday. The daily turnover reverted to high levels at the start of the week that might bring Greece once again to climbing the steps to investment grade as Fitch Ratings will issue its verdict on Friday.
- Read more about ATHEX: New 12-week high for the benchmark
- Log in to post comments
Greece starts process to sell 20% stake in National Bank
Greece on Monday announced plans to sell a 20% stake in the National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders.
Over €45 bln in realty by 2030
Over 45 billion euros, or €6 billion on an annual basis, is expected to be invested in the Greek housing market by 2030, according to a relevant report by the National Bank of Greece.
- Read more about Over €45 bln in realty by 2030
- Log in to post comments
National Bank of Greece reports strong return on equity
National Bank of Greece announced a first-half profit after tax of €530 million Tuesday, slightly lower than the €546 million posted in the first half of 2022.
Core profit after tax stood at €508 million for the half, of which €288 million was in the second quarter, with return on tangible equity exceeding 16%, the bank said.
HFSF to begin Eurobank stake sale process this fall
Greece will start selling stakes in its four largest banks this fall, sector officials and bankers said on Monday, marking the latest milestone in the country's recovery from the financial meltdown it suffered starting in 2009.
Banks benefit from activity abroad
Some 8.6% of the profitability of Greek banking groups came in 2022 from abroad, where profits before taxes amounted to 380 million euros out of a total of €4.5 billion, which was the profitability of the entire banking system in Greece last year.
- Read more about Banks benefit from activity abroad
- Log in to post comments