NATIONAL BANK OF GREECE National Bank of Greece S.A. ('NBG') announces the completion of the sale of its 100% stake in Banka NBG Albania Sh.A. ('NBG Albania') to American Bank of Investments S.A. ('ABI') following receipt of the required regulatory approvals from i) the Bank of Albania and ii) the Competition Authority of Albania.
The successful completion of the transaction, which has taken place in the context of NBG's Restructuring Plan, increases NBG's Q1 2018 CET1 Ratio by 11 bps, following the capital impact already booked in Q4 2017 upon signing of the capital accretive transaction.
UBS Investment Bank acted as exclusive financial advisor to NBG. Freshfields Bruckhaus Deringer acted as international legal counsel and CR Partners as Albanian legal counsel to NBG.
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National Bank of Greece SA published this content on 04 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 04 July 2018 07:43:04 UTC
