The IDRs of NBG
and NBL are driven by the respective entity's intrinsic creditworthiness, as defined by their Viability Ratings (VRs).
Crunchbase reported Sycamore acquired NBG
for an undisclosed amount.
During the consultations, the NBG
demonstrated the use of its in-house supervisory report processing system, which was assessed positively by the visiting delegation from the DNB.
returned to the Egyptian market in 1975 through a representative office.
Last month, NBG
held a private rights issue to raise some funds in an effort to avoid becoming a state-owned bank.
The new group will also benefit from a strengthened international footprint, particularly in South-East Europe and Cyprus, where both NBG
and Eurobank have had a presence for some time.
still plans to shed up to 25% of its holding in the unit, he told its shareholders at a meeting in Athens.
If funding support from NBG
were withdrawn, UBB would be able to repay its obligations to its parent without damaging its own financial profile, the agency's analysts believe.
had submitted a takeover proposal in January 18, after getting approval from its board and the Greek government.
The note will have a 10-year term, with NBG
having the right to early redemption after five years and at each subsequent interest payment date.
The bad blood between the bank and the union dates to last summer, after NBG
seconded two non-Cypriot employees from its Athens HQ to its Cyprus branch, a move that infuriated ETYK.
Ghaith Pharaon, a Saudi Arabian national, acquired a 60 percent interest in NBG
in 1978 and continued to acquire stock in NBG
until, by December 30, 1980, he owned 98.