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Brussels to Ethniki Bank: Speed up the sale of Insurance subsidiary

Responding to the request by the Ethniki (National) Bank's administration to extend the one-year deadline for the sale of Ethniki Insurance, the EU's Directorate-General for Competition is reportedly posed to refuse. The DG Comp is putting pressure on the bank to accelerate the procedures for the sale of the insurance firm.

  • Published in Greece

Government contemplates bank privatizations

The possibility for an immediate return of three banks to the private sector is being examined by the government. A bill to be tendered on 20 January will make possible the privatization of Ethniki, Piraeus, and Alpha Bank.

  • Published in Greece
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