National Bank

The National Bank announced on Friday that it has successfully completed its share offering and prices its new shares at 2.2 euros each, after closing...

According to an unnamed baker, the National Bank of Greece’s offering of 2.5 billion euros of shares has already been oversubscribed...

The National Bank announced today that it intends to raise 750 million euros from issuing a five-year fixed-rate bond, in an effort to increase its...

The shareholders of the National Bank have announced that they will convene on the 10th of May in order to decide upon increasing capital stock...

According to the Bank of Greece’s 2013 stress test findings that were published on Thursday, the Greek banking sector will require 6.382 billion euros in capital...

The Prosecutor Eleni Raikou has ordered the investigation of fraud and embezzlement accusations made public by a regional councilor, in relation to the call for investments in the luxurious “Asteras” hotel in Vouliagmeni by privatization fund TAIPED. The regional councilor Nikos Galanos, who filled the report, met with the Prosecutor for Financial Crimes Yannis Dragatsis […]

The management of the National Bank is working on its plan to encourage voluntary departures in order to reduce its working expenses, as part of its strategy to return to profitability. Managing consultant Alexandros Tourkolias announced that the bank’s goal is to see 2,000 employees depart by the end of the year, which translates to […]

The European Commission is pressuring the management of Greek banks to restrict their operating costs, as part of the finalizing the restructuring plan of the four systemic banks. The ultimate goal is to return to operational profitability as soon as possible, after the number of banks was reduced by 15 to 5. To that end, […]

The Greek banking system is entering a new era, following the completion of the recapitalization and restructuring of banks on Monday. The new era was heralded by the Monday morning meeting of Prime Minister Antonis Samaras and Minister of Finances Yannis Stournaras with the management of the FSF and the four systemic banks Alpha, Piraeos, […]

As the deadline for the upcoming sale of the Postbank looms, there have been strong reactions from bidders such as Alpha Bank to the last moment decision to not take into account any offers that include cash. Both the Bank of Greece and the European Central Bank informed the Financial Stability Fund (FSF) that any […]