National Bank of Greece S.A.: Update following deposit ratings upgrade to Baa2/P-2, outlook changed to stable
Our credit view of NBG reflects its improving profitability and strong capital metrics, constrained by its high level of DTCs and delays in the payment of government-guaranteed loans.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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