National Bank of Greece

A significant meeting is on the agenda for the Greek economy, banks, the Stock Exchange, and major listed companies with the world’s 100 most powerful funds, managing assets worth approximately $30 trillion.

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 credit institutions that are considered systemically important and the safety reserve that each of them must have for 2025 has been determined by a decision of the Bank of Greece.

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.

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.

Demand for the 10% stake in the National Bank of Greece was covered approximately nine times on Monday, the first day that the offer book was opened, with the disposal of 91,471,515 shares out of the total of 168.2 million shares controlled by the public.

Demand for a 10% stake sale in the National Bank of Greece (NBG) by the country's bank bailout fund was oversubscribed by six times on Monday, in the first day of a book-building process which ends later this week, two sources told Reuters.

Greece's bank bailout fund HFSF began the process of selling a 10% stake in National Bank of Greece on Monday, marking the end of re-privatization of Greek lenders.

The country's bank bailout fund HFSF will start the process to sell a stake of up to 12% in National Bank of Greece early next week, two officials with knowledge of the matter have said.

With the planned sale, Greece will conclude the reprivatisation of its banks, which were bailed out during a debt crisis that nearly drove the country out of the eurozone.

Fitch Ratings has upgraded the credit ratings of Greece's four systemic banks - i.e. National Bank of Greece, Piraeus Bank, Alpha Bank and Eurobank.

This upgrade reflects the improved assessment of Greece's operating environment, now rated at BB+.