National Bank of Greece
National Bank of Greece (NBG) has achieved impressive results in the past year, both in terms of profitability and expansion in the home market and abroad.
Its takeover of Turkish Finansbank was the first acquisition by a Greek bank in Turkey and the biggest investment abroad by a Greek company to date. Expansion was accompanied by the restructuring of the group, which led to the disposal of participation in sectors and activities that either did not offer satisfactory returns or were not consistent with NBG’s strategy.
“This award recognises the substantial challenges that NBG has undertaken these past few years,” says Takis Arapoglou, chairman and CEO. “NBG Group has reaffirmed its capability to meet and overperform with respect to business plan targets, offering its shareholders returns in excess of 30%. This places NBG among the best performing financial institutions in Europe.
“Our recent acquisition of Finansbank places NBG among the top three players in the region, with a widely distributed income base. We have within sight our vision to be the leading financial institution in the region. The achievements of the past years’ efforts have increased our market capitalisation to €17bn, placing NBG among the top 30 banks in Europe.”
