Displaying items by tag: nbg

The National Bank of Greece, the country’s biggest, plans to sell a stake in Istanbul-based Finansbank, as demand for Turkish bank assets increases.

Fitch Ratings has affirmed National Bank of Greece S.A. (NBG), Piraeus Bank, S.A. (Piraeus), Alpha Bank AE (Alpha) and Eurobank Ergasias S.A.'s (Eurobank) Long-term Issuer Default Ratings (IDRs) at 'B-' with Stable Outlooks, Short-term IDRs at 'B', and Viability Ratings (VRs) at 'b-'. Fitch has also affirmed the banks' Support Ratings (SR) at '5' and Support Rating Floors (SRF) at 'No Floor'.

The Hellenic unemployment rate decreased in February, marking the lowest statistic in over a year, as revealed by today's ELSTAT data.