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Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
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Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
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Alpha Bank's net profit at 517 mln in H1, commissions jump to 229.1 mln
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
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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