Moody's Ratings upgrades National Bank of Greece S.A.'s long- and short-term deposit ratings to Baa2/P-2 from Baa3/P-3, outlook on the long-term deposit ratings changes to stable from positive
Moody's Ratings (Moody's) has today upgraded the long- and short-term deposit ratings of National Bank of Greece S.A. (NBG) to Baa2/P-2 from Baa3/P-3, its long-term senior unsecured ratings by two notches to Baa2 from Ba1, as well as the standalone Baseline Credit Assessment (BCA) and Adjusted BCA o...National Bank of Greece is a financial institution based in Greece. Co. maintains operations in the retail banking sector, with 509 branches and one premium banking branch, and 1,448 ATMs. Co. offers its customers a range of integrated financial services, including: corporate and investment banking; retail banking (including mortgage lending); leasing and factoring; stock brokerage and asset management; insurance; and real estate and consulting services. Co. is also involved in other businesses, including hotel and property management. Co. operates in Greece, U.K., South Eastern Europe which includes Bulgaria, Romania, Albania, Serbia, as well as, in Cyprus, Malta, Egypt and South Africa.
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