National Bank of Greece S.A. (NBG) Archives

What FITCH Ratings thinks of Greek Banks

19 May 2020 Editors 0

Fitch Ratings affirmed the Long-Term Issuer Default Ratings (IDRs) of the 4 systemic Greek banks, namely Alpha Bank (CCC+), Eurobank (CCC+), NBG

NBG talks with Bain Capital in a brand new context

15 May 2020 Editors 0

National Bank of Greece continues intensive talks with Bain Capital so as to agree on all of its 3 pending

Bain asks for an additional 30% discount to the upfront price of ICON

14 May 2020 Editors 0

National Bank is considering broadening the scope of Icon sale to Bain, also including Romanian and Cypriot NPL portfolios. In the process, though, NBG may have to accept lower prices to dispose the portfolios.

National Bank – Bain Capital deal on Icon project a matter of time

29 April 2020 Konstantinos Papagrigoris 0

Bain called for a revision of the terms on the Icon project agreement, proposing a price reduction in exchange for inserting an earn-out clause in the deal, which means that NBG participates in future profits from the management of the loans.

DBRS Morningstar: Coronavirus Likely to Disrupt Greek Banks’ NPE Reduction Plans

9 April 2020 Editors 0

DBRS Morningstar has published a commentary discussing the potential impact of Coronavirus on the NPE reduction plans of the Greek