National Bank of Greece

Greek firm Bernitsas Law has been named the Most Innovative Law Firm of the Year in Greece at the 20th International Financial Law Review (IFLR) Annual European Awards.

"Bernitsas won the award due to its role in key transactions of 2018 that will influence legal practice in a number of fields, in Greece and maybe elsewhere," the IFLR said in a statement.

National Bank of Greece is launching a new process for the concession of its insurance arm, Ethniki, aiming to have it sold by the end of the year.

Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.

Greece's Eurobank has appointed former minister of finance Giorgos Zanias as its new non-executive chairman, the lender said on Monday.
The change was prompted by former chairman Nikolaos Karamouzis's decision to depart, the bank said in a news release.
Karamouzis announced his intention last year to bow out at the end of March 2019.

The need for change at National Bank of Greece is "imperative," the lender's chief executive, Pavlos Mylonas, tells Kathimerini, heralding its transformation into a "modern bank that will respond to new challenges."

National Bank of Greece (NBG) will be the sole underwriter of a 161.1 million euro ($182.7 million) bond to finance contractor GEK Terna's participation in a Greek-Indian consortium that will build a new airport on the island of Crete, it said on Friday.

Bank Audi SAE has begun due diligence on buying National Bank of Greece's branches in Egypt, a banker involved in the process said.
The due diligence will be completed by the end of February, the banker said. The website of National Bank of Greece's Egyptian unit lists 18 branches in Cairo and elsewhere in the country.

National Bank of Greece will not restart the sale of Ethniki Insurance before the second half of this year, as it has been granted a two-year extension to end-2020 for that purpose by the European authorities.

The government may be rejoicing in the increase in spending on research and development, but the message from abroad points to the sluggish performance of Greek businesses in the R&D sector.

National Bank of Greece on Thursday announced the completion of the sale of its 99.83 percent stake in the South African Bank of Athens to GroCapital Holdings Limited, a consortium consisting of Afgri Holdings Proprietary Limited, Fairfax Financial Holdings Limited and Public Investment Corporation SOC Limited.