National Bank of Greece

Leading global financial institutions, including Nomura, BNP Paribas, Bank of America, Citi, Goldman Sachs, and Morgan Stanley, are underwriting the issuance.

NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages

The email scam, supposedly sent from the National Bank of Greece, is titled “Transaction Security: Third Notice for Verification”

The seller is expected to receive more than 700 million euros for 10% of the bank's shares.

This means that Greece could raise up to 727.2 million euros from the sale.

The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1

Reduction of the instant payment fee via internet and mobile banking for amounts up to 500 euros from 2.50 to 1.50 euros.

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

In his opening address, Chairman Gikas Hardouvelis stressed that the National Bank has turned a new chapter and is now a key player in advancing the domestic banking sector and the Greek economy.

Moody’s on Monday upgraded the Baseline Credit Assessment (BCA) for two Greek bank institutions, the National Bank of Greece (NBG) and Piraeus Banks, specifically raising Piraeus’ rating to ba2 from ba3, and NBG’s to ba1 from ba2. Moody’s also upgraded its long-term and short-term deposit ratings for both ATHEX-listed Greek lenders, two of the four […]

Analysts at the National Bank of Greece (NGB) estimate that in 2024 Greek tourism could achieve new records, with arrivals reaching 35 million tourists

This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis

The bond issued by NBG matures in 11.25 years and is callable after 6.25 years.

Last November, a 22% stake in the National Bank was sold, generating over 8 times oversubscription across international and Greek markets.

The positive trend is reflected by the high demand expectations of Greek hoteliers, according to the study, with the relevant index reaching its highest historical point in the January-February period

The initial interest rate was set at 5%

High inflation and interest rates, with the latter easing at a slower rate, is the forecast from National Bank of Greece (NBG) chairman Gikas Hardouvelis, who is also the new president of the Hellenic Banks Association (HBA). Speaking at the annual Hellenic Finance and Accounting Association conference this month in Athens, Hardouvelis, a former Greek […]

Greece has successfully returned to the sights of significant foreign investors and investment funds, especially for a long-term placement, Vassilios Karamouzis, the general director National Bank’s (NBG) corporate and investment banking, emphasized over the weekend. Karamouzis spoke during a panel on “Large projects transforming Greece” at the 25th annual Capital Link Invest in Greece Forum […]