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Tag Archives: National Bank of Greece

CEO of National Bank of Greece resigns – Background

The chief executive of Greece’s National Bank (NBG) Leonidas Fragiadakis resigned on Friday after completing his three-year term in the post, the bank said.  Greece’s second-largest lender by assets said in a filing to the Athens bourse that the end of Fragiadakis’ term coincided with the completion of the main …

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National Bank for Greece sells Finansbank stake to Qatar’s QNB

Finally a bank deal to get rid of non-profit bringing subsidiaries. Qatar’s National Bank acquired the Finansbank stake of National Bank of Greece for €2.7 billion. The stake of National Bank in Turkey’s Finansbank was 99.81 percent. However, Greek media report that the acquisition price is much higher as the …

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National Bank – Eurobank merger stopped; shares plunge -30%

The news fell like a bomb on Sunday night: that the much praised National Bank (NBG) – Eurobank merger was stopped by Greece’s international lenders, the Troika of EU, IMF and ECB representatives. Greek media reported that the Troika had objections about the size of the new bank to have emerged from …

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Caretaker FinMin Zannias the New President of National Bank of Greece?

Giorgos Zannias, caretaker finance minister under Pikrammenos government, is to be appointed as the new President of the National Bank of Greece (NBG), state broadcaster NET TV reported on Friday afternoon. Although Pikrammenos government resigned after June 17 elections, Zannias is still FinMin because a) Vassilis Rapanos -the former President …

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National Bank Report: Greece’s Euro Exit Would Halve Incomes

OMG! Even Greece’s biggest bank, the National Bank, joined the anti-SYRIZA chorus. You know SYRIZA don’t you? The party whose leader Alexis Tsipras “threatens” to ruin Greece, the eurozone, the global economy from the humblest hut in a remote sub-Saharan village to a impressive glass skyscraper in Wall Street. How? He wants to cancel the …

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Ops! Alpha Bank angry at Morgan Stanley/NBG

A new twist occurred between the former almost mergers Alpha Bank and National Bank of Greece, as Morgan Stancley acquired 5.1% of Alpha stakes. Some Greek economic portals talk about an “aggressive takeover” by the National Bank of Greece and others report of  huge acquiring of Alpha Bank shared by …

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Athens Stock Exchange hits records

Athens Stocks and Greek banks soar on Monday, hitting records in gains in the wake of the resolutions of the Eurpean Summit in Brussels, last Friday and Saturday. (13:48 local time) Across the board, the General Index is at 1659.39 units, up 5.02% in a turnover of EUR 154,53 million. …

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National Bank-Alpha Bank: Prosecutor probes into possible stocks manipulation

A Greek high rank prosecutor ordered a preliminary investigation into the trading of stocks of the National Bank of Greece and the Alpha Bank. Greece’s  Capital Market Commission also ordered an investigation into the same affair, focusing on the period between February 8 and 21, beginning with National Bank’s first approach to …

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Shares Trading of NBG and Alpha Bank under screening

The shares of National Bank of Greece and Alpha Bank are under the microscope of Greece’s  Capital Markets Commission, news portal Zougla.gr  reported. The screening refers to the trading of the shares in the period of time between January 18, when the administration of NBG approached the management of Alpha for the first time, …

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Greek Banks: Stress Tests and Mergers Rumors -upd

While European Regulators sit curled over the papers of  8 Greek banks to undergo a stress test on kidneys and heart,  false  “hairdressers” and  prophets speculate on  possible “haircuts” on government bonds.  Scepticism on bank’s exposures  to Greek Bonds goes around together with rumors about due mergers and stakes’ sales. REUTERS reported Tuesday that EU …

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Greek Banks: Stress Tests, Haircuts and Mergers

Hot weather and stress are both known to cause sweating. Currently the majority of Greeks are loosing volumes of sweat due to recession stress and the bankers don’t seem to be  exception to the rule. Eight Greek Banks are waiting the official result of CEBS’s stress tests to be disclosed on July …

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National Bank of Greece denies Talks with Qatar

National Bank of Greece Says Not in Talk With Qatar June 30, 2010, 7:06 AM EDT By Christos Ziotis June 30 (Bloomberg) — National Bank of Greece SA, the country’s biggest lender, said it’s not in talks to sell a stake to the Qatar Investment Authority. The sovereign wealth fund …

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