National Bank of Greece

National Bank of Greece posted after-tax profits of 983 million euros in the first nine months of the year, the lender announced on Thursday, recording a 15% increase year-on-year.

This is the result of the resilience of its net revenues from interest and the strong takings from commissions, the bank argued.

The Conference on Entrepreneurship, Innovation, and Sustainability in the Blue Economy was held with great success, in the framework of the project “Blue Innovators of Piraeus”, an initiative of the Municipality of Piraeus to highlight the innovative action of blue economy businesses.

Hello, so these past few days I had a chance to go for a coffee with my main source at the M.M., and I had the opportunity to engage in some close-up gossip, so to speak.

National Bank of Greece (NBG) seeks to enter the real estate brokerage sector through its collaboration with technology provider Qualco for finding, selling and financing the purchase of real estate.

The Greek stock market continued to be “trapped” in a selling mood for the fourth consecutive day, with shares retreating significantly from the 1,420-point level and losing the support of 1,415 points. The share placements and capital increases by listed companies seem to be weighing on the market, at least in the short term.

The board chairman of the National Bank of Greece and the Hellenic Bank Association, Gkikas Hardouvelis, stated on Monday the capital adequacy ratios of Greek banks are strong and very close to the corresponding European average, while the liquidity ratios far exceed the minimum requirements and the European average.

The current situation of Greek banks, the great distance they have come in recent years, and their prospects in the demanding and challenging domestic and global economic environment, was discussed today by the Chairman of the Board of Directors of the Bank of Greece.

State revenues to date from the privatizations of the four systemic banks amount to 3.5 billion euros, after this week's sale of 10% of National Bank of Greece, which raked in a total of €690.1 million.

“The Bank of Greece welcomes the completion of the placement by the Hellenic Financial Stability Fund (HFSF) of 10% of the share capital of National Bank of Greece,” says the Governor of the CBE Giannis Stournaras, on the occasion of the completion of the placement of NETE.

Bank bailout fund HFSF has said that it will not accept bids below 7.55 euros per share in an equity offering of National Bank of Greece, citing strong demand by investors.

HFSF is selling a 10% stake in National Bank, the country's second largest bank by market value, through a book-building process and a public offer in Athens which ended at 3 p.m.