NBG receives greenlight to exit local market, to begin receiving offers for local assets in August

The National Bank of Greece (NBG) will begin next month receiving offers from banks in the domestic market looking to acquire its local portfolio and assets, which include 17 branches across the country, sources close to the matter tell Al Mal. The CBE had reportedly signed off last week on the NBG’s request to exit Egypt, which comes as part of a wider plan to reduce its overseas presence under an EU-supervised restructuring.