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NBG net interest income jumps 65 pct in 2023 to 2.26 bln as net profit reaches 1.2 bln
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First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses
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Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct
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Net interest income soars by 47 pct in 2023 as Eurobank reports net profit of 1.14 bln
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Piraeus Bank reports 2 bln NII in 2023, income from fees at 547 mln
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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
HFSF sets out bank divestment strategy, marking final chapter in turbulent story
The Greek authorities moved a step closer last week to their objective of divesting the state’s share in the systemic banks through the Hellenic Financial Stability Fund (HFSF) after the publication of the divestment strategy that was compiled by Rothschild and was approved by the Finance Ministry at the end of last year.
After three series of recapitalisations between 2013 and 2015, the state holds 40.39 pct in National Bank of Greece (NBG), 27 pct in Piraeus Bank, 9 pct in Alpha Bank, 1.40 pct in Eurobank and almost 63 pct in the smaller size Attica Bank.
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