National Bank of Greece SA (NBGr.AT)
Latest Key Developments (Source: Significant Developments)
Aug 4 (Reuters) - Hungary's Otp Bank
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
ATHENS Greek banks will pass the European Central Bank's (ECB) stress test of their financial health, the chief executive of the country's second-biggest lender, National Bank (NBG) , said on Monday.