Showing posts with label National Bank. Show all posts
Showing posts with label National Bank. Show all posts

Friday, April 18, 2014

UPDATE 1-National Bank of Greece plans senior unsecured bond sale

Thu Apr 17, 2014 4:22am EDT
By Aimee Donnellan
LONDON, April 17 (IFR) - National Bank of Greece, rated Caa1/CCC/B-, is preparing to sell the second senior unsecured bank bond from the country in the past four weeks, with fixed income investors increasingly willing to back Europe's most troubled credits.

NBG has mandated Bank of America Merrill Lynch, Citigroup, Goldman Sachs, HSBC and Morgan Stanley to arrange investor calls and a group presentation in London next week to discuss a possible senior unsecured bond transaction.

Friday, March 21, 2014

UPDATE 1-Greece's biggest bank turns to profit in 2013 on lower bad-loan provisions

Thu Mar 20, 2014 12:23pm EDT
* National Bank posts net profit of 809 mln euros in 2013

* Bad-loan provisions drop 36 pct from previous year

* National reiterates it plans no equity offering to plug capital shortfall (Adds CEO comment, details)

Tuesday, December 31, 2013

More than 2,000 sign up to redundancy plan at Greece's NBG-source

ATHENS Mon Dec 30, 2013 2:46pm EST
Dec 30 (Reuters) - More than 2,000 people have signed up for a voluntary redundancy scheme at Greece's biggest lender, National Bank (NBG), aimed at shedding about 15 percent of its workforce to cut costs, an NBG official told Reuters on Monday.

Hammered by Greece's six-year recession, the country's four major lenders had billions pumped into them to prop them up after a sovereign debt restructuring last year and rising bad loans and are now restructuring to trim their cost base.

Monday, November 18, 2013

Greece's NBG nears deal to sell property unit: sources

ATHENS Sun Nov 17, 2013 12:15pm EST
(Reuters) - National Bank of Greece, the country's largest lender, is close to clinching a deal to sell a majority stake in its fully-owned real estate arm Pangaia to private equity firm Invel Real Estate, two bankers close to the deal told Reuters on Sunday.

The sale is part of restructuring efforts by National Bank (NBG) (NBGr.AT) aimed at boosting its capital base.

Greece's top four banks are implementing restructuring plans agreed with the European Commission as part of conditions imposed for their bailouts. The plans involve job cuts, branch closures and asset sales.

Tuesday, April 9, 2013

Greek Banks Suspend Merger Talks

The New York Times
April 8, 2013
 ATHENS — Shares in National Bank of Greece and Eurobank plummeted 30 percent Monday after the two banks suspended merger talks because they were unable to raise the required capital.

Friday, March 15, 2013

National Bank Falls as Investor Faces Hurdles: Athens Mover

By Natalie Weeks - Mar 15, 2013 2:36 PM GMT+0200
National Bank of Greece SA, the country’s biggest lender, extended this week’s slide after saying an investor’s interest in covering part of NBG Group’s recapitalization needs is facing hurdles.