NATIONAL BANK OF GREECE was named “Best Bank inGreece” by international finance magazine Euromoney, as part of its “Awards for Excellence 2013” awarded for the 23rd year.

In awarding its “Awards for Excellence”, Euromoney collects and assesses qualitative and quantitative data on the performance of every bank. The award serves to recognize and single out those banks that have forged a leading and dynamic profile in the global and local markets where they conduct business and have outperformed their peers.

According to Euromoney, against a particularly harsh economic backdrop NBG has taken initiatives to strengthen its capital position with the recent completion of its share capital increase, while it has also significantly reduced its operational costs and improved its liquidity and its loan-to-deposits ratio.

This international award serves to vindicate yet again NBG’s strategic orientation with the further consolidation of its position in the Greek banking system, enabling it to continue to play its key role in the Greek economy – a role that NBG has consistently lived up to throughout its long history. /a.y/noa.al/