Moody’s: National Bank’s Green Bond Issue Credit Positive for the Bank

ATHENS — The issuance of a senior green bond by National Bank of Greece is credit positive for the bank, Moody's said in a report on Thursday. In an announcement, Moody's said the green bond will improve the bank's liquidity and pave the way for similar issues in the future to cover minimum required eligible liabilities (MREL) to implement the bank's strategy on the green economy.

The credit rating agency expects other Greek banks to follow with similar issues of green bonds and said that green bond issues grew 74 pct in 2019 in Europe compared with the previous year, totaling 104 billion euros. "Despite the relatively high cost of the bond based on EU standards and the very low or negative interest rates currently in Europe, the issue reflects an improving funding profile and increasing deposits in the bank."


ATHENS - Greek public debt totaled 357,295 billion euros at the end of the third quarter of 2021, from 337,666 billion in the corresponding period in 2020, Hellenic Statistical Authority said on Friday.

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Greece: Heavy Snowfall is Expected on Monday, Schools to Remain Closed in Attica (Vid)

ATHENS - Schools of all levels of education will remain closed throughout Attica on Monday and Tuesday, January 24-25, due to extreme weather conditions.

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