National Bank of Greece

Eurobank acquired 503,934 more shares in Hellenic Bank on Monday, at a cost of 1.29 million euros, increasing its stake to 55.42% of the total issued share capital and of the voting rights in the Cypriot bank.

The persistent profit margins of businesses, also dubbed "greedflation," and the strong demand for services, thanks to tourism, as well as the increase in Greeks' income, are the main factors that explain the high levels of inflation in Greece.

A multitude of blue chips cooperated on Wednesday at the Greek stock market to send the benchmark to highs unseen in more than 13 years. Led by National Bank of Greece, the banks index was the protagonist of a session that brought Athinon Avenue back onto the path toward the 1,500-point level that is now within striking distance for the main index.

The Greek stock market returned from its five-day holiday with a jump in prices that sent the benchmark to a new 13-year high on Wednesday, on significantly increased turnover too. Led by the blue chips of the Viohalco group, Cenergy and the National Bank of Greece (NBG), Athinon Avenue has risen to such heights as to consider the benchmark of 1,500 points for its main index.

National Bank (NBG) is launching a mortgage program for young people in an attempt to respond to their increased housing needs, but also to mobilize the mortgage market, which is sluggish due to low demand.

Athens-listed lottery and sports betting company Intralot signed an agreement for the issue of a new bond loan agreement of up to 100 million euros and duration to June 30, 2025, it said on Thursday.

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 (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.

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.

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.