NBG After-Tax Profits Reach 983mln€ in 3Q 2024
NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages
NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages
“Growth in Greece remains strong, with GDP gaining momentum in 2Q24. Business has been leading activity so far, including sizable, fixed capital investment, with a strong labor market having followed suit. It is important to note that the solid fiscal performance results in further risk re-rating of the economy, increasing its attractiveness, despite the challenging external environment,” NBG CEO Pavlos Mylonas said in a released statement.
Eurobank agreed to acquire 12.848% Hellenic Bank’s shares for approximately 243 million euros, or 4.58 euros per share.
Piraeus Bank reported record nine-month profits of €932 million, or €0.72 per share, and a 15% rise in Q3 profits to €320 million. CEO Christos Megalou attributed the growth to strong revenue and cost management, raising the bank’s 2024 earnings target to €0.90 per share.
Attica Bank‘s shareholders have approved a €735 million share capital increase during an Extraordinary General Meeting held on Wednesday.
The merger, finalized with unprecedented speed just weeks after the Shareholder Agreement was signed, received the necessary approvals from the Bank of Greece, the Competition Commission, and the General Assemblies of both banks.