Speaking at the Economist conference, National Bank of Greece CEO Pavlos Mylonas argued that Europe must accelerate the Capital Markets Union and attract higher-quality investments if it wants to remain globally competitive. He also highlighted Greece’s transformation into a credible investment destination through fiscal discipline and structural reforms.
NBG CEO Pavlos Mylonas: In 3Q24 we delivered a solid set of financial results, with our strong capital position and highly liquid balance sheet remaining key comparative advantages
“Growth in Greece remains strong, with GDP gaining momentum in 2Q24. Business has been leading activity so far, including sizable, fixed capital investment, with a strong labor market having followed suit. It is important to note that the solid fiscal performance results in further risk re-rating of the economy, increasing its attractiveness, despite the challenging external environment,” NBG CEO Pavlos Mylonas said in a released statement.
The Hellenic Financial Stability Fund (HFSF) has successfully completed the offering of 10% of its stake in the National Bank of Greece share capital, with its stake now down to 8.39% from 40.4% before the start of disinvestment, the HFSF announced on Thursday.
The positive trend is reflected by the high demand expectations of Greek hoteliers, according to the study, with the relevant index reaching its highest historical point in the January-February period
