The Greek Deal.com
NATIONAL BANK OF GREECE
Completed the placement of a €650 million with a yield of 3.5%.
The National Bank of Greece successfully completed the placement of a €650 million high-quality bond in the international markets, with a yield of 3.5%.
Organic Profit after tax of €983 million in nine months
The National Bank of Greece delivered a strong performance at all levels in the first nine months of the year, with profitability up 15% year-on-year and return on equity well above target.
Revenue of € 690.6 million for the State from the 10%
€690 million are the total proceeds to the state from the public offer for 10% of the National Bank of Greece, according to the final results announced by the HFSF.
No bids below € 7.55 will be accepted in the placement of National Bank of Greece
The Hellenic Financial Stability Fund (HFSF) announced on Wednesday that its Board of Directors approved a narrower price range within the price range for the international offering in its meeting of 1 October 2024.
The placement was overlapped 6 times
Investor interest in the placement of the National Bank of Greece was strong, as in a few minutes the demand for 10% of the shares of the HFSF was covered.
10% in the placement - The State retains 5% - 8%
BNB Daily reports that JP Morgan showed increased interest in the sale of the National Bank of Greece shares from HFSF yesterday.
Next steps of placement
The management of the National Bank of Greece is receiving positive signals regarding the investor interest expressed for participation in the upcoming placement.
Meetings with investors and JP Morgan's role
The countdown has started for the placement of the HFSF's stake in the National Bank of Greece. According to reports, JP Morgan will provide a detailed report to the bank's management and the HFSF on its meetings with potential investors within the week.
€5 billion a year in energy loans by 2030
Pavlos Mylonas referred to the important steps that Greece has taken in the field of renewable energy sources, as well as the leading role of the National Bank of Greece in the financing of relevant projects, during his speech at the Energy Conference organized every year by the Hellenic-American Chamber of Commerce.
By early October the sale of 10% - 13% by the HFSF
Greece plans to complete by early October the reprivatization of the country's banks by selling its last stake in National Bank, Reuters quoted two sources with knowledge of the matter as saying.
Profit of €670 million in the first half of the year
National Bank's attributable profit after tax increased by 26% in the first half of the year, reaching €670 million.