National Bank of Greece
NBG gets first quarter profit lift from trading gains
National Bank (NBG), Greece's second-largest lender by assets, on Tuesday said profit from continuing operations had risen in the first quarter of 2019 on the back of higher trading gains.
The Commission on Protection of Competition allows Eurobank Bulgaria to Acquire Piraeus Bank
The Commission on Protection of Competition has permitted Post Bank, with legal name Eurobank Bulgaria AD, to acquire Piraeus Bank, Bulgaria.
After permission for the deal was given by the Bulgarian National Bank, the financial entity is now the fourth biggest financial institution in terms of assets in Bulgaria.
European distinction for Bernitsas Law firm
Greek firm Bernitsas Law has been named the Most Innovative Law Firm of the Year in Greece at the 20th International Financial Law Review (IFLR) Annual European Awards.
"Bernitsas won the award due to its role in key transactions of 2018 that will influence legal practice in a number of fields, in Greece and maybe elsewhere," the IFLR said in a statement.
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Tight timetable for Ethniki Insurance concession
National Bank of Greece is launching a new process for the concession of its insurance arm, Ethniki, aiming to have it sold by the end of the year.
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Eurobank names Zanies new non-executive chairman
Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.
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Eurobank names Zaniasnon-executive chairman
Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.
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National Bank poised for major ‘transformation,’ says CEO Pavlos Mylonas
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 to underwrite bond for new Crete airport
National Bank of Greece (NBG) will be the sole underwriter of a 161.1 million euro ($182.7 million) bond to finance contractor GEK Terna's participation in a Greek-Indian consortium that will build a new airport on the island of Crete, it said on Friday.
Bank Audi considering buying NBG’s Egypt unit
Bank Audi SAE has begun due diligence on buying National Bank of Greece's branches in Egypt, a banker involved in the process said.
The due diligence will be completed by the end of February, the banker said. The website of National Bank of Greece's Egyptian unit lists 18 branches in Cairo and elsewhere in the country.
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Ethniki sale process will not resume before H2 this year
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.