National Bank of Greece has completed a share offering and a highly successful bond placement in the space of two key months for the bank's turnaround.
Western Europe
Latest articles from Greece
Greek banks begin return to private ownership
June 2, 2014Capital raisings in the wake of a domestic stress test have enabled Greece’s four systemic banks to pull in private investors and begin the return to normality.
Greek banks start the long road to recovery
October 1, 2013Recapitalisation, consolidation and reduced dependence on central bank funding have begun the process of restoring Greece’s banks to health, but there are still profound challenges ahead.
Time to give Greece credit where it's due
September 23, 2013Greece is finally starting to deliver on its IMF reform programme, but it will need help to ease the official debt burden.
OTE corporate bond offers hope for Greece
April 2, 2013At the beginning of 2013, Greek telecoms group OTE launched a €700m bond issue. The largest corporate debt transaction from a Greek borrower since the sovereign debt crisis erupted in 2010, the deal’s success offered stark proof of changing sentiment towards peripheral Europe.
Rebuilding the Greek banking scene
January 3, 2013
A series of mergers will change the shape of the Greek banking sector, with three dominant players pulling away from the pack.
A dictionary of difficulties from 2012
December 3, 2012If 'algorithms, bail-ins and cajas' were the ABC of banking in 2012, what will be the new buzzwords? Philip Alexander looks at the phrases that defined 12 months of pain, and suggests some words to watch in 2013.
EFG hopes to rise from Greek ashes
November 1, 2012The sale of both its Greek subsidiary and its financial products division is intended to leave the family-owned EFG Group as a pure private banking operation.
Why Greece must balance growth and austerity policies
September 3, 2012For the past few years Greece, has been fighting its fiscal deficit with a harsh austerity programme. However, the limited success of this approach means that if the country is to make a sustainable recovery from its current economic crisis, its policies must focus more on instigating growth.
How will the Greek restructuring work out?
September 3, 2012The manner in which the Greek restructuring deals have been carried out, and the preferred investor status given to the ECB and the central banks of other European countries, has left the private sector badly burned. Will this lead to a reluctance from private investors to re-enter the country, or the eurozone in general, thus hindering its recovery?
