The Greek stock market surged on Wednesday, with the benchmark index closing at 2,327.44 points,…
Tag: national bank of greece
The National Bank of Greece (NBG) posted net profits of €964 million in the first…
Avincis has launched helicopter emergency medical services in Greece in partnership with AK Aviation, boosting the country’s rapid-response capabilities with AW139 helicopters based in Rhodes.
“Fitch Ratings has upgraded Greece’s four major banks, signaling confidence in the country’s economic rebound. National Bank of Greece and Eurobank now sit at ‘BBB-’ with a stable outlook, while Alpha Bank and Piraeus Bank rise to ‘BB+’ with a positive outlook. The decision, announced on April 1, 2025, reflects Greece’s improving financial landscape and its edge over the eurozone, driven by investment growth and EU recovery funds.”
Piraeus Financial Holdings (BOPr.AT), one of Greece’s four largest banks, has entered exclusive negotiations with private equity firm CVC Capital Partners (CVC.AS) to acquire a 70% stake in Ethniki Insurance.
Piraeus Bank is in exclusive talks to acquire a 70% stake in Ethniki Insurance for €469 million ($485.84 million), aiming to increase its fee revenue from 20% to 30%. The deal, which follows CVC Capital Partners’ 2021 acquisition of a 90% stake in Ethniki from National Bank of Greece, marks a significant move for Piraeus as it continues to recover after the financial crisis. With plans to return 35% of its 2024 profit to shareholders, Piraeus is also working with UBS and Milliman on the transaction.
Greece has completed the re-privatisation of its banking sector by selling a 10% stake in the National Bank of Greece, raising €690 million to help reduce public debt. The sale, managed by the Hellenic Financial Stability Fund (HFSF), saw high investor interest, with oversubscription 12 times over. This marks the final stage of Greece’s effort to divest its stakes in major banks, signaling ongoing economic recovery after the financial crisis.
Greece’s bank bailout fund, the Hellenic Financial Stability Fund (HFSF), will begin selling a stake…
Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greece’s banking sector, which had been heavily supported during the debt crisis.
For the first time since 2008, Greek banks are set to distribute dividends totaling €814 million this summer, marking a significant recovery milestone. The European Central Bank’s approval has boosted investor confidence, with analysts forecasting robust future growth.
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Greek tourism is expected to reach unprecedented heights in 2024, surpassing previous records, according to a survey conducted by the National Bank of Greece (NBG). Projections indicate that the number of visitors will exceed 35 million, with anticipated earnings of around 22 billion euros.
National Bank of Greece (NBG), the country’s second-largest lender, reported a relatively stable net profit…
It will be restored and made available for cultural use. The industrial complex of Piraeus…
Greece sold a 22% stake in the National Bank of Greece (NBG) for 1.06 billion…
According to a recent report by the National Bank of Greece, the country’s tourism industry…
Fitch raised the credit rating of three major Greek banks – Eurobank, National Bank of…
Greece’s economy roared back in the second quarter after a pandemic-induced 8.2% slump last year,…
Four major Greek banks received a ratings boost on Monday following a review by international…
A National Bank’s regular general shareholders’ meeting on Friday renewed the bank’s CEO term for…
The credit profiles of Greece’s four systemic banks are expected to be improved faster as…
Fitch Ratings has upgraded National Bank of Greece S.A.’s (NBG) Long-Term Issuer Default Rating (IDR)…
Greece’s four main banks have cancelled and are planning to replace some 15,000 credit or…
Fitch Ratings upgraded and affirmed the credit rating of three Greek banks, it revealed in…
Greek banks received a boost on Tuesday by ratings agency Moody’s who upgraded the long-term…
