InvestorsHub Logo
Followers 1
Posts 88
Boards Moderated 0
Alias Born 08/25/2017

Re: Tradernick5 post# 18646

Sunday, 02/04/2018 7:24:09 AM

Sunday, February 04, 2018 7:24:09 AM

Post# of 19165
National Bank of Greece is the parent organization of Banka NBG, a subsidiary bank they use to own in Albania. They sold their entire stake to another bank called American Bank of Investments, also located in Albania.

National Bank of Greece is selling assets as part of a European Union approved restructuring plan. It sold bank operations in South Africa and Bulgaria last year but still has assets in a handful of Balkan nations. The transaction is capital accretive, meaning the sale adds value to the company.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.