NBG Factors proceeded with a donation of €43,000 to the Humanitarian Organization Civil Society (Non-Profit) named "KIDS SAVE LIVES". This organization systematically trains students and teachers in Greek schools to assist in emergency situations as first responders by providing CPR and first aid until the arrival of an ambulance. The amount was allocated for the procurement of two vehicles to transport volunteers and educational material to schools across Greece. ( https://kidssavelives.gr/ )

Article by H. Saridis, Business Development & Relationship Manager, at World Factoring Yearbook Edition 2024, BCR Publishing

NBG Factors participated as a Silver Sponsor at the Annual General Assembly of the Members of the Association of Thessalonian Businesses and Industries (STHEΒ) 2024

Speech by A. Kontopoulos, CEO of NBG Factos and Vice President of the Hellenic Factoring Association, at the Trade Finance Forum 2023 held on October 4-5, 2023, in Vienna, Austria (PANEL: SUPPLY CHAIN FINANCE AND FACTORING)

NBG Factors participated as a Founding Sponsor at the 27th Annual Economist Government Roundtable, themed: ‘’The great transition: Geopolitics - Environment – Technology’’

Article by H. Saridis, Business Development & Relationship Manager, at World Factoring Yearbook Edition 2023, BCR Publishing.

Article by H. Saridis, Business Development & Relationship Manager, at World Factoring Yearbook Edition 2022, BCR Publishing.

Article by H. Saridis, Business Development & Relationship Manager, at World Factoring Yearbook Edition 2018, BCR Publishing.

Article by H. Saridis, Head of Business Development & Relationship Management, at World Factoring Yearbook Edition 2017, BCR Publishing.

Article by Alexandros Kontopoulos, CEO, at BCR EXCLUSIVE: ‘’Greece reports increased interest in Factoring in the midst of economic turbulence’’

Study of the Economic Analysis Division – ‘’Factoring: A rapidly growing sector’’

On 5/11/2009 the Hellenic Factors Association was established in Athens with the signing of its statutes by ten founding members. Ethniki Factors S.A. is among founding members and is represented in its Board of Directors (for further information: http://www.hellenicfactors.gr/ ).

National Bank of Greece has launched a new company to carry out its factoring business: Ethniki Factors SA, a wholly owned NBG subsidiary staffed with a first-class team of experts whose task will be to provide a comprehensive package of factoring services.

Aware of the needs of Greek firms and in response to the ever-growing requirements of its business clientele, NBG is investing in its factoring business, as it sees strong potential for growth in the Greek factoring market in the years ahead. When comparing factoring statistics in various EU peer economies (for instance, factoring turnover in Ireland and Portugal in 2007 totalled €23 billion and €16 billion respectively, while in Greece it was just €10 billion in 2008), the Greek factoring market can be seen to present substantial growth margins.

The launch of Ethniki Factors reflects NBG management’s strategic decision to grow the Group’s factoring business in Greece and abroad. The Group is already pursuing targeted expansion of the factoring services it provides in other countries where it is active, in line with the prevailing economic climate and specific profile of each market. For instance, Finansbank in Turkey has nearly completed preparations for setting up a factoring company, adjusted to the local regulatory framework, while the launch of factoring operations is also scheduled by the Group’s subsidiaries in Bulgaria and Romania.

The management of NBG and its affiliates view factoring as a cutting edge financial product that meets the needs of firms in many sectors of the economy. Factoring is enabling firms to enhance their cash flow during the current global financial turmoil, while it should continue to be a popular funding tool and lever for growth in the post-crisis era.