National Bank of Greece

National Bank of Greece intends to reward its reliable borrowers with free holidays at popular destinations, extra points in its card use reward program, as well as discounts on other products, such as insurance policies with cooperating insurers.

The chief executive of National Bank's (NBG) Cypriot subsidiary, Christos Christodoulou, was appointed as NBG's new chief financial officer, taking over from Yannis Kyriakopoulos, Greece's second-largest lender said on Wednesday.
Kyriakopoulos will head NBG's real estate division, which includes real estate management subsidiaries, the bank said. 

[Reuters]

Leading real estate investment firm NBG Pangaea secured a new injection of liquidity to refinance its borrowing on more favorable terms and continue its ambitious investment program through a 300-million-euro corporate bond.

National Bank of Greece is eager to make the most of the favorable climate among foreign investors toward the country in the last couple of months, and especially after the election result, proceeding immediately with the issue of a Tier II bond to boost its capital.

National Bank of Greece has until this Friday to pay 36 million euros to the single auxiliary social security fund (ETEAEP) that has undertaken the payment of supplementary pensions to 16,280 NBG retirees.

The capital of National Bank of Greece will suffer an immediate impact from the obligation for a one-off payment of over 250 million euros due to the regulation passed by the government for the inclusion of pensioners of NBG's auxiliary fund in the single auxiliary fund for all pensioners.

The European Bank for Reconstruction and Development (EBRD) announced on Thursday it will finance Invel Real Estate's acquisition of a stake in NBG Pangaea, Greece's largest real estate investment company, in a bid to promote sustainable, environmental investments in the Greek real estate sector.

National Bank of Greece's new program aimed at settling nonperforming housing loans provides for a more aggressive approach to the management of its bad-mortgage portfolio, including debt write-offs.

National Bank (NBG), Greece's second-largest lender by assets, on Tuesday said profit from continuing operations had risen in the first quarter of 2019 on the back of higher trading gains.

The Commission on Protection of Competition has permitted Post Bank, with legal name Eurobank Bulgaria AD, to acquire Piraeus Bank, Bulgaria.

After permission for the deal was given by the Bulgarian National Bank, the financial entity is now the fourth biggest financial institution in terms of assets in Bulgaria.