NBG

National Bank predicts that Greece's growth rate will be 2.4% this year (compared to the 2025 budget forecast of 2.2%), with consumption as the main driving force, supported by income growth.

Greetings, the day after a significant political event, such as the expulsion of a prominent political figure from their party, is always “a cold day” for everyone who thinks a little more than just about…social media. After all, Mitsotakis himself has always been a moderate politician who thinks quite thoroughly and methodically about his moves and decisions.

Greetings! The old folks used to say, “a village with few houses is a bad village,” and that phrase came to mind with SYRIZA, who, after pulling each other’s hair out all weekend in the second basement of a hotel in Metaxourgeio, suddenly they remembered the Novartis scandal. So, it seems that journalist Lianis claimed someone apologized on behalf of Tsipras to Loverdos.

Greece concluded on Thursday the re-privatization of its lenders with the sale of a 10% stake in National Bank (NBG) amid strong demand from investors, the bank bailout fund said.

The sale raised 690 million euros ($760.93 million), which will be used to help Greece reduce its pile of public debt, the eurozone's biggest as a percentage of economic output.

Fitch Ratings has upgraded Greece's 'big four' banks (National, Piraeus, Alpha, Eurobank), giving them all a positive outlook.

Greece plans to conclude the re-privatization of its banks by early October with the sale of its last stake in National Bank, two sources familiar with the matter told Reuters on Wednesday.

On Monday (5/8), the General Index plunged by -7.37%, trading at 1,325.49 points, fluctuating between a low of 1,325.03 and a high of 1,428.01 points.

The current scenario reflects one of the most significant daily declines in recent years, comparable to February 24, 2022 (-6.42%) and March 23, 2020 (-7.58%). If the index falls below 1,300 points, it risks wiping out 2024’s gains.

National Bank (NBG) is launching a mortgage program for young people in an attempt to respond to their increased housing needs, but also to mobilize the mortgage market, which is sluggish due to low demand.

A crucial milestone is expected in March for the East to Med Data Corridor (EMC) telecommunications submarine cable system, an ambitious project aimed at creating an "international digital highway," where Cyprus, Greece and Saudi Arabia are key components.

Demand for a 20% stake in Greece's National Bank (NBG) held by the country's bank bailout fund was covered by more than six times on Tuesday, in the first day of a book-building process which ends later this week, a source with knowledge of the matter told Reuters.

"Demand covered 6.2 times the shares offered," the source involved in the process said on condition of anonymity.