ITFA welcomes National Bank of Greece as new member

The leading Greek financial services group aims to expand its forfaiting business having joined the ITFA in April 2008.

NBG Group has assets of over €84 billion and operates in 10 countries in South Eastern Europe including Cyprus, Turkey, Romania, Bulgaria and countries of the Former Yugoslavia. It has substantial and longstanding trade finance operations and is aiming to broaden these with additional forfaiting activities.

“We want to develop forfaiting business in markets with strong growth opportunities,” explained NBG’s Trade Finance & Payments Group Head, Evy Passa . “Our aim is to contribute to the development of forfaiting in our region and to build sound and profitable relationships with other members of the ITFA.”

The bank played host to an ICC conference in Athens of 15th & 16th April 2008 and the ITFA welcomes NBG as a new member of the Association. We wish Evy and her team every success with the growth of their forfaiting business in one of the most exciting developing regions of Europe.