National Bank of Greece

The National Bank of Greece Cultural Foundation presents "Fokion Rok: The Sculptor and His Archive," an exhibition casting light on the different aspects of the life and work of this important Greek artist (1895-1941), showcasing his contribution to the evolving Greek art scene in the early 20th century but also how he expressed the zeitgeist. Opening hours are Tuesdays to Fridays from 10 a.m.

National Bank of Greece has signed the agreement for the sale of its Romanian subsidiary Banca Romaneasca to OTP Bank Nyrt, the Hungarian lender said in a statement Thursday. The acquisition will boost OTP's market share in Romania to about 4 percent.

Hungary's OTP Bank has agreed a deal to buy Romania's Banca Romaneasca from the National Bank of Greece (NBG), two sources with knowledge of the deal told Reuters on Friday.

"There is a deal, NBG's unit will be sold to OTP," a source in Athens said.

The National Bank of Greece is inviting proposals for its 8th "Innovation & Technology" competition in the following categories: Online Entrepreneurship, Environment and Technology, and Culture and Technology.

The deadline for submissions is October 10.

Tax payers opting to settle their debts to the tax services over bank counters will be charged with an extra commission as of Friday, July 28. The decision by the Independent Public Revenues Authority was published in the government gazette on Tuesday. The decision also determines the charges that the public revenue authority will pay per transaction at banks for taxes.

Greece's second-largest lender National Bank (NBG) will sell more assets in the Balkans, including its Romanian operations, to complete a restructuring plan agreed with European authorities, its chief executive said on Tuesday.

National Bank of Greece shareholders on Friday approved the sale of a majority stake of its insurance subsidiary to Anglo-Dutch consortium Calamos-EXIN.

EXIN is buying 75 percent of the division for 718.3 million euros.

The sale is part of National Bank's strategy to focus on core banking activities under a restructuring plan approved by the European Commission.

The National Bank of Greece general meeting scheduled for Friday is expected to approve the transfer of 75 percent of NBG's insurance arm, Ethniki, to Dutch-based Exin Financial Services Holding BV. The deal will not include ownership of the Ethniki brand name, which will only be rented to the investor.

Fitch credit ratings agency has upgraded the Greek banks in light of the recent deal at the EuroGroup and the completion of the second review. Fitch has affirmed the Long-Term Issuer Default Ratings (IDRs) of National Bank of Greece S.A. (NBG), Alpha Bank AE (Alpha), Piraeus Bank S.A. (Piraeus) and Eurobank Ergasias S.A. (Eurobank) at ‘Restricted Default’ (RD).

KBC completed the acquisition of United Bulgarian Bank and Interlease from the National Bank of Greece for a total consideration of 610 million euros, representing a 1.10x multiple of the 2016 Tangible Book Value of UBB and Interlease. The acquisition - which was announced on 30 December 2016 - was approved by the relevant regulatory authorities and received anti-trust approval.