NBG to partner with Allianz

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National Bank is expected to denote this week its collaboration statement with Allianz, ending its exclusion from the security assemblage aft the nonaccomplishment of Ethniki Insurance.

The Allianz woody provides for the acquisition of 30% of the German group’s Greek enactment and a semipermanent bancassurance partnership, with the bank’s web returning arsenic a cardinal transmission for security merchandise distribution. The woody allows National to reconnect with an enactment that has been a cardinal portion of its cognition for decades, diversify its gross sources and strengthen its committee income.

Allianz Greece is the country’s sixth largest insurer successful terms of operations and does not person a concern with a bank. Its prime is the effect of a thorough marketplace appraisal National carried retired for respective months aft ending its collaboration with CVC Capital Partners, when successful aboriginal 2025 it announced the merchantability of Ethniki to 1 of its main rivals, the Piraeus Group.

From National’s perspective, the Allianz pact creates a caller momentum for some groups. Allianz operates successful each security sectors and arsenic a subordinate of a multinational radical it provides a wide scope of security products.