National Bank of Greece…
National Bank of Greece (NBG) has called a shareholders’ meeting for November 26 to seek approval to buy back 350 million euros’ worth of preference shares issued by the government. The lender had said it planned to buy back the shares after a 1.8-billion-euro sale of new shares and convertible bonds. NBG shares rallied more than 4 percent during yesterday’s session on the Athens bourse, with investors expecting the move to pave the way for the bank to resume paying a dividend, but ended the day 0.94 percent lower at 7.38 euros.
