NBG

ENGLISH EDITION

National Bank of Greece: The price for Frontier II and Eurostat’s objections

NBG closed 2021 with an NPE ratio of 6.9% after the completion of Frontier I, a transaction totaling approximately 6 billion euros. With the completion of Frontier II, the bank's NPEs ratio will be close to 5% with the aim of being limited to 3% by 2024.

05 Ιουλ 2022 09:49

ENGLISH EDITION

V-shaped recovery takes form; NBG ups 2021 growth forecast to 7.5%

According to an analysis from the lender, GDP growth in the second quarter of 2021 (16.2% year-on-year and 3.4% quarter-on-quarter) exceeded expectations, beating even estimates from NBG’s high frequency index (forecast for GDP growth of 13% per year in the second quarter).

17 Σεπ 2021 07:48

ENGLISH EDITION

National Bank in strategic deal with EVO Payments on POS merchant services 

According to Business Daily sources, the two sides have agreed to set up a joint venture to which NBG’s card POS sector will be transferred, with the US company having control of the business.

15 Σεπ 2021 12:54

ENGLISH EDITION

National Bank works on Frontier 2 project, eyes further drop in NPLs in 2021

With Frontier 2, further actions from management in 2022 and the increase of bank lending, it is estimated that National Bank’s bad debts index will be close to 3 percent, ie close to the average of the eurozone banks, by the end of 2022.

19 Μάιος 2021 14:20

ENGLISH EDITION

National Bank lowers flag in Egypt; shuts 17-branch network

The bank’s decision to close its branches and terminate its presence in Egypt was a result of the unsuccessful attempts to sell NBG Egypt due to the lack of interest.

08 Απρ 2021 07:48

ENGLISH EDITION

How the sale price on Ethniki Insurance deal plummeted by 70pct

Despite efforts by National Bank to save face by announcing that the sale price corresponds to a valuation of 505 million euros, in fact, the result is much more unpleasant: 120 million euros of the price is tied to achieving specific goals on selling bank insurance products until 2026.

29 Μαρ 2021 13:54

ENGLISH EDITION

NBG sells insurance arm to CVC Capital Partners, reports higher 2020 profit

At 505 million the valuation of 100% of the insurance. A significant part of the price, 120 million euros, is linked to the achievement of specific sale targets of bank insurance products by 2026.

27 Μαρ 2021 09:45

ENGLISH EDITION

NBG reaches an agreement for selling 90% of Ethniki Insurance to CVC

At 505 million the valuation of 100% of the insurance. A significant part of the price, 120 million euros, is linked to the achievement of specific sale targets of bank insurance products by 2026.

26 Μαρ 2021 18:19

ENGLISH EDITION

National Insurance sale seen winding up in October

With the EU Competition Commission, through a letter from President Margrethe Vestager to the Insurance Workers' Union, indicating that there will be no further extension given to the sales process, everything shows that the sale to CVC is the most likely option.

05 Οκτ 2020 06:46