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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
NBG sale of its 75 pct stake in Ethniki Insurance improves capital ratio by more than 100 bps
National Bank of Greece (NBG) announced on Thursday it entered into an agreement with the Dutch EXIN Financial Services Holdings BV for the sale of a 75 percent stake in Ethniki Insurance, NBG’s insurance subsidiary in Greece.
The consideration of the transaction stands at 718.3 million implying a total enterprise value of 958 million. NBG will retain a 25 percent share in Ethniki Insurance, which will remain its exclusive bancassurance provider under a new ten-year partnersh...
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