Athens News Agency: News in English, 00-11-14

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] National Bank of Greece-Balkans

[01] National Bank of Greece-Balkans

National Bank of Greece is the largest banking group in the Balkans with a network of 250 branches spreading to all the countries in the region, and a workforce of 4,000 (accounting for 25 percent of the bank's total workforce).

National Bank has invested more than 110 billion drachmas in the Balkan states with the aim to become a regional force, the bank's vice-governor Andreas Vranas told an annual banking forum, organised by the Economist magazine, in Athens on Tuesday.

Vranas said that the bank's strong network was paving the way for the bank's strong presence in retail banking in a market with a population exceeding 60 million people.

National Bank was pursuing an autonomous growth in Albania and plans to open two new branches in the country, raising its total network to five.

The bank plans to open a representation office in Serbia. It holds a 45 percent market share in Bulgaria, following the purchase of UBB, and a 18 percent market share in FYROM with the purchase of Stopanska Bank.

National Bank also seeks to expand its presence in Romania.

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