National Bank of Greece SA (NBGr.AT)
15 Dec 2017
Latest Key Developments (Source: Significant Developments)
Fitch Ratings : Fitch affirms four Greek covered bonds programmes . Affirmed rating of Greek covered bonds issued by Alpha Bank AE, national bank of Greece S.A. And Piraeus Bank S.A. .Greek covered bonds issuers' issuer default rating (idr) and VR are still 'RD' and 'F'. Full Article
Fitch Ratings : Fitch affirms Greek banks at 'RD' on capital controls . Banks' IDRs of 'RD' reflect view that Greek banks are defaulting on a material part of their senior obligations . Affirmation of four Greek banks' VRs at 'F' reflects opinion that these banks would default if deposit restrictions are lifted .Greek banks' credit profiles remain weak, with large funding imbalances and heavy reliance on eurosystem funding. Full Article
National Bank of Greece SA:Says sells its 100% stake in 11 funds to Deutsche Bank Private Equity and Goldman Sachs Asset Management for 288 million euros. Full Article
ATHENS Greek banks made further progress during the fourth quarter in reducing their exposure to doubtful and non-performing loans, central bank data showed on Tuesday.