NBG likely to sell its in­sur­ance unit

Kathimerini English - - Focus -

Na­tional Bank of Greece ex­pects to sell its sub­sidiary Eth­niki In­sur­ance this year and plans other sales as part of its re­struc­tur­ing, its chief ex­ec­u­tive said yesterday. Last month Greece’s sec­ond largest lender hired Gold­man Sachs and Mor­gan Stan­ley as ad­vis­ers on the sale of the in­sur­ance unit, bank­ing

Coastal ship­pers’ fuel costs. Greek coastal ship­ping com­pa­nies are wor­ried that the rise in global oil rates poses a threat to their op­er­at­ing prof­its. As fuel ac­counts for more than a third of coastal ship­pers’ op­er­at­ing ex­pen­di­ture, for ev­ery 10 per­cent in­crease in oil rates, there is a 3-4 per­cent rise in their ex­penses.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.