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Athens Macedonian News Agency: News in English, 16-01-17
CONTENTS
[01] National Bank to hold EGM on Mon. to approve sale of Finansbank
[01] National Bank to hold EGM on Mon. to approve sale of Finansbank
Greece's National Bank will hold an extraordinary general meeting on
Monday to approve the sale of its Turkish subsidiary Finansbank, the
bank announced.
"After almost 10 years of successful presence in Turkey, NBG is selling
Finansbank to fulfill its commitment to its shareholders and the European
authorities," CEO Leonidas Frangiadakis said in an announcement.
"With the completion of this action, NBG will be the strongest bank in
the Greek banking market in terms of capital and liquidity, while NBG's
aim is to direct, on a new basis, its resources to restore economic
activity in Greece," he added.
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