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Athens News Agency: News in English, 06-04-10

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Nat'l Bank briefs institutional investors in London

  • [01] Nat'l Bank briefs institutional investors in London

    National Bank of Greece (NBG) president and CEO Takis Arapoglou headed a high-ranking bank delegation in London on Sunday to present the group's prospects to institutional investors, following NBG's acquisition of a 46-percent controlling stake in Turkey's FinansBank.

    The National Bank delegation was headed for New York on Monday, and from there to Frankfurt for a similar presentation.

    According to Arapoglou, the messages received from internatinal institutional investors in the presentations following the FinansBank acquisition were "positive".

    The National Bank officials stressed that the bank, with its acquisition o a controlling stake in a rapidly developing Turkish bank, provided the opportunity to foreign institutional investors to invest in the prospects of the Turkish economy through participation in National Bank, an opportunity which they said foreign investors were already taking advantage of by placements in the bank's stock.

    They explained, however, that National Bank's expansion was not ending with the FinansBank acquisition, given that the group planned to further strengthen its presence in Romania and Serbia, and also to expand into new markets, such as Russia and Ukraine.

    ANA-MPA photo / K. Mavrona.

    ANA-MPA Copyright © 2004-2005 All rights reserved.


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