The degree of activation of the 3,800 employees in the National Bank of Greece’s network of 360 branches will determine the collection of about a third of the price CVC Capital partners has promised to NBG for the acquisition of 90.01% of the bank’s insurance arm, Ethniki.

08.04.2021 / 19:52

National Bank of Greece will immediately collect 260 million euros from the sale of 90.01% of its insurance arm, Ethniki, to CVC Capital Partners, according to the transaction agreement.

01.04.2021 / 22:47

The Hellenic Financial Stability Fund (HFSF) wants to keep its holding in Piraeus Bank near the 33.3% that would allow it to be a controlling-minority shareholder after the lender’s upcoming share capital increase, according to the statement of the fund’s general board chairman, Andreas Verykios, in Parliament on Thursday.

30.03.2021 / 22:33

The bill on the state subsidy for corporate loan repayment tranches provides for a significantly reduced contribution to the installments for loans that banks have denounced, compared to loans that are properly serviced.

28.03.2021 / 23:46

An issue that had been pending for about five years is being brought to a close with the transfer of 90.01% of National Bank of Greece’s insurance subsidiary, Ethniki, to CVC Capital.

26.03.2021 / 10:32

The annual results from three out of the country’s four systemic banks point to the creation of new bad loans amounting to 3-4 billion euros due to the pandemic, out of a total of €20 billion in loans whose servicing has been suspended.

22.03.2021 / 22:56

The first online sales of nonperforming loans acquired by funds to new investors – i.e. new funds – are expected within the year.

19.03.2021 / 21:29

The board of the Hellenic Financial Stability Fund (HFSF) is expected to convene next week to issue its opinion on the sale of Ethniki, the insurance arm of National Bank of Greece, and whether the price offered is within the range provided by the insurer’s valuation by Barclays.

16.03.2021 / 15:55

Piraeus Bank chief executive officer Christos Megalou is on Tuesday set to announce the lender’s business plan for raising 2.5 billion euros, allowing it to reduce its nonperforming exposure (NPE) ratio below 10%, from 47% at end-September 2020.

15.03.2021 / 08:21

More than 100,000 freelance professionals, personal enterprises and small and medium-sized enterprises stand to benefit from the “Gefyra 2” state subsidy program for corporate loans that the Finance Ministry will activate next month.