Greece to Sell 10% Stake in National Bank as Part of Banking Sector Privatization
This means that Greece could raise up to 727.2 million euros from the sale
This means that Greece could raise up to 727.2 million euros from the sale
Reduction of the instant payment fee via internet and mobile banking for amounts up to 500 euros from 2.50 to 1.50 euros
The results were a 26% increase compared to the same period in 2023
Analysts at the National Bank of Greece (NGB) estimate that in 2024 Greek tourism could achieve new records, with arrivals reaching 35 million tourists
This makes NBG the first Greek bank to regain Investment grade status, nearly 15 years after the onset of the Greek financial crisis
Last November, a 22% stake in the National Bank was sold, generating over 8 times oversubscription across international and Greek markets.
The initial interest rate was set at 5%
If 22 percent of NBG’s shares are sold by HFSF then revenue will hover at one billion euros, based on a sale price at five euros per share
Holistic knowledge is a protective shield for households, making them more resilient in situations of financial crises and other political, social and geopolitical upheavals
Bloomberg maintained that the sell-off will come in mid November
National Bank (NBG on Tuesday reported net earnings of 530 million euros in first half 2023 results, slightly down from 546 million euros in the corresponding period of 2022
NBG said its international activities recorded after-tax profits of 59 million euros in 2022, after a loss of 13 million euros in 2021
The bond matures four and a half years
Διαχειριστής - Διευθυντής: Λευτέρης Θ. Χαραλαμπόπουλος
Διευθύντρια Σύνταξης: Αργυρώ Τσατσούλη
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