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Athens Macedonian News Agency: News in English, 15-12-22

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

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

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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