Within the framework of the 2001 agreement for the acquisition of Stopanska Banka AD - Skopje by National Bank of Greece, the International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD), NBG completed, on Tuesday 17 August 2010, the acquisition of a 21.6% stake in its FYROM subsidiary from the IFC and the EBRD (10.8% each) for € 35.1 million, thereby increasing its holding from 73.04% to 94.64%. The acquisition was made on the basis of the bank?s net worth.
Stopanska Banka is the biggest bank in FYROM with a market share in excess of 25%.