National Bank
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National Bank of Greece to become ‘platform of cooperations’
National Bank's goal is to become a "platform of cooperations" exploiting international trends and technologies toward improving customer experience and expanding its clientele even further, Pavlos Mylonas, the bank's CEO, said on Friday.
Epsilon Net plans to double sales in 2023-25
Greek software developer Εpsilon Net plans to double its sales in the 2023-2025 period, reaching 150 million euros by the end of 2025, chairman and CEO of the company Ioannis Michos told shareholders on Tuesday.
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S&P raises outlook of Greek banks
Standard & Poor's on Tuesday raised the outlook of credit ratings of Greek banks, citing significant progress achieved by the financial institutions.
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PM Citu: We are moving in direction in which Romania is no longer low wage country
Prime Minister Florin Citu stated, on Tuesday, that the data regarding inflation presented on Monday by the National Bank of Romania (BNR) represent an estimation, yet there are "interesting" figures regarding wages, which show that Romania is going in the direction in which "it is no longer a low wage country." The National Bank of Romania (BNR) increased to 5.6 pct the inflation forecast for
Isarescu: The BNR treasure remains only case in which assumed restitution obligations - not respected
The treasure of the National Bank of Romania (BNR) remains the only case in which a monetary gold reserve is entrusted with proper documents that it will be returned at any time at the request of the owner, and the obligations assumed have not been respected, the BNR Governor Mugur Isarescu said on Wednesday.
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.
UPDATED Orban: PNL National Political Bureau decides to propose Florin Citu for Prime Minister
The chairman of the National Liberal Party (PNL), Ludovic Orban, announced that the Liberals' National Political Bureau decided, with one abstention, that Florin Citu be nominated for the position of Prime Minister.
Higher core income bolsters NBG profits
National Bank (NBG), one of Greece's four largest lenders, on Monday reported higher third-quarter net profit compared to the second quarter on stronger fee and net interest income.
NBG, 40% owned by the country's HFSF bank rescue fund, said net profit from continued operations reached 137 million euros, versus net earnings of €58 million in the second quarter.
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Corporate loan demand covers supply
In just seven hours, as many as 10,000 companies applied for low-interest loans that are guaranteed by the state through the Guarantee Fund, exhausting the amount available at this initial stage of the process, Development Minister Adonis Georgiadis announced on Thursday.
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PSD sends to Senate proposals regarding suspension of credit payments and capping prices for food
The interim chair of the Social Democratic Party (PSD), Marcel Ciolacu, stated on Monday evening, at public broadcaster TVR1, that Tuesday in the Standing Bureau of the Chamber of Deputies the proposals for "suspension of credit payments" and the "capping of prices for drugs and food" will be discussed, in order to be sent to the Senate, as the first notified chamber.