National Bank of Greece S A : NBG becomes the first Greek Bank to regain an Investment Grade rating
April 30, 2024 at 03:17 am EDT
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PRESS RELEASE
30/04/2024
NBG becomes the first Greek Bank to regain an Investment Grade rating
Morningstar DBRS has assigned National Bank of Greece, a Long-Term Issuer Rating of
(low), rendering the Bank the first to regain Investment grade status after nearly 15 years since the onset of the Greek Financial Crisis. The rating ranks NBG pari-passu to the rating of the Greek Sovereign.
The credit rating reflects NBG's leading franchise in Greece, strengthened balance sheet, core earnings power, sustained organic capital buildup, as well as strong funding and liquidity position.
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National Bank of Greece SA is a Greece-based company, which provides a range of financial services. Its financial services include retail and commercial banking, asset management, brokerage, investment banking, insurance and real estate at a global level. The Group operates in Greece, Turkey, the United Kingdom, South East Europe (SEE) which includes Bulgaria, Romania, Albania, Serbia and Former Yugoslavian Republic of Macedonia (FYROM), Cyprus, Malta, Egypt and South Africa. The Bank operates through the following business segments: Retail Banking, Corporate and Investment Banking, Special Asset Unit (SAU), Global Markets and Asset Management, Insurance, International Banking Operations, Turkish Banking Operations, as well as Other that includes real estate management, hotel and warehousing businesses.
NATIONAL BANK OF GREECE S.A. 
