National Bank of Greece
ATHEX: Late rally by banks boosts benchmark
The banking sector shook off foreign and domestic concerns - related to the decline of US lender First Republic and the promise by main opposition leader Alexis Tsipras to nationalize National Bank of Greece if he comes to power - and swung to gains at the end of Wednesday's bourse session, leaving the benchmark with moderate gains.
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EIB-Nat’l Bank financing scheme of 1.12bln€ for funding to Greek SMEs battered by pandemic
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 sells NPL portfolio to Bain Capital for €1.6 bln
The National Bank of Greece Group on Friday announced the completion of a transaction for the disposal of a nonperforming, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit for a total principal amount of 1.6 billion euros.
Greece raises 2 bln euros through private placement with domestic banks
Greece raised 2 billion euros ($2.43 billion) by reopening a 30-year bond through a private placement with two Greek banks, according to the official government gazette, the first borrowing action for 2021.
National Bank of Greece and Piraeus Bank participated in the transaction. The Greek debt agency issued a 30-year bond last year through a private placement.
NBG to sell Romanian NPE portfolio to Bain Capital Credit
National Bank of Greece (NBG) announced on Tuesday that it had entered into a definite agreement with Bain Capital Credit for the sale of a Romanian-risk corporate nonperforming exposures portfolio ("Project Danube") with a total gross book value of around 174 million euros.
Smaller loan installments for hardest hit
As of January, Greek banks will implement reduced installment programs for well-serviced loans of those affected by the pandemic - businesses and households - that had been frozen since last April.
The announcement came on Tuesday as the nine-month banking "moratoriums" gradually begin to expire at the end of December.
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Drop in NBG profit in Q4 on provisions, trader income
National Bank of Greece (NBG) on Tuesday reported sharply lower net profit in the fourth quarter compared to July-to-September on the back of weaker trading and net interest income and higher provisions for impaired loans.
European Investment Bank announces major agricultural support investment in Greece
European Investment Bank (EIB) president Werner Hoyer announced ambitious plans for major investments in Greece in 2020 during a visit to Athens for talks with Prime Minister Kyriakos Mitsotakis, Finance Minister Christos Staikouras and other government officials today.
Partnership with National Bank of Greece, Piraeus Bank
Piraeus Bank opens books for 10-year Tier 2 note
Piraeus Bank, Greece's largest lender by assets, on Wednesday opened books for a 10-year Tier 2 bond issue, aiming to raise about 500 million euros ($546 million), a source close to the deal said.
"Piraeus Bank is opening books for a 10-year issue, aiming at about 500 million euros," the source told Reuters.
Pricing is seen in the low 6 percent range, the source added.
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EximBank finalises Banca Romaneasca's takeover
EximBank has finalized the acquisition of Banca Romaneasca SA (BROM), with the submitted bid being part of the agreement concluded in June 2019 between EximBank and National Bank of Greece (NBG) on the purchase of the latter's 99.28 percent stake in BROM, the bank said in a release.
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