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Athens Macedonian News Agency: News in English, 15-12-22
CONTENTS
[01] NGB sells Finansbank's shares to National Bank of Qatar
[02] Over 2,000 refugees arrive at Piraeus port on Tuesday
[01] NGB sells Finansbank's shares to National Bank of Qatar
National Bank of Greece (NBG) on Tuesday entered into a definitive
agreement with Qatar National Bank to sell its 99.81 percent stake in
Finansbank for a total consideration of 2,750 million euros.
On 21 December 2015, National Bank of Greece Board of Directors approved
the divestiture to Qatar National Bank of NBG's 99.81 percent stake in
Finansbank together with other minor direct and indirect interests. The
agreed consideration for the transaction amounts to 2,750 million
euros. In addition, Qatar National Bank will repay upon closing the 910
million dollars of subordinated debt that National Bank has extended
to Finansbank, increasing the liquidity position of the NBG group by
approximately 3.5 billion euros.
While maintaining its leading liquidity position among Greek banks
with a domestic Loan-to-Deposit ratio of 96 percent, NBG will utilize
the liquidity generated by the transaction to reduce significantly its
cost of funding through the repayment of costly Pillar II bonds and the
associated reduction of the bank's exposure to the Emergency Liquidity
Assistance mechanism.
[02] Over 2,000 refugees arrive at Piraeus port on Tuesday
A large number of refugees arrived on Tuesday at Piraeus port.
The ferry Nissos Rhodos carried 1,075 refugees for the islands of Lesvos,
Chios and Samos and the ferry Blue Star brought 944 refugees from Lesvos
and Chios.
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