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Wednesday, April 7, 2010 as of 11:14 AM ET

National Bank Of Greece SA

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The National Bank of Greece (NBG; ) is the oldest and largest commercial banking group in Greece. The group has a particularly strong presence in Southeastern Europe and the Eastern Mediterranean.

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Related Topics

  1. First National Bank
  2. Greece Bailout
  3. Eurobank
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  5. Dexia Group
  6. Credit Agricole
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Greek Banks To Receive Capital Boost By Monday

Greece's central bank governor said Thursday that Greek lenders will receive a capital boost of EUR18 billion either Friday or Monday to cover losses stemming from the country's recent debt restructuring.

"It is very important that during a period of high uncertainty, EUR18 billion of capital is being channeled into banks," said Bank of Greece governor George Provopoulos.The funds, comprising of bonds issued by Europe's temporary bailout facility--the European Financial Stability Facility, or EFSF--are part of a financial assistance package extended by the European Union and International Monetary Fund to Greece and aimed at covering losses from Greece's EUR200 billion debt restructuring in March.Greek banks have been technically insolvent since taking the massive losses on their holdings of government bonds.The EFSF has already transferred EUR25 billion in bonds to Greece's bank rescue fund, which will now advance EUR18 billion in bridge financing to the banks until they can complete a...

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