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Tag Archives: Alpha Bank

Greek households lose 27.9% of their assets during crisis decade 2008-2018

January 22, 2019 Economy Comments Off on Greek households lose 27.9% of their assets during crisis decade 2008-2018

Greek households have lost 27.9 percent of their assets in the crisis decade 2008-2018. According to an analysis by Alpha Bank, the drop was the biggest in the eurozone and is followed by those recorded in Spain, Italy and Cyprus. Germany recorded significant gains during the same period. Portugal also …

Pressure works: Alpha Bank revokes decision to close branches on islands

August 21, 2018 Tourism Comments Off on Pressure works: Alpha Bank revokes decision to close branches on islands

Pressure by the local communities and outrage seem to have brought fruits. Alpha Bank has reportedly cancel its plans to leave three remote islands in the Aegean Sea without banking services and even cash. “The message the islanders sent to Alpha Bank was received,” Dodecanese lawmaker Dimitris Gakis told local …

Outrage after Alpha Bank will close branches, remove ATMs on three islands

August 17, 2018 Tourism 3

Outrage among the inhabitants of three remote islands in the Southern Aegean Sea after Alpha Bank announced it will close its branches on September 14. Locals and tourists will not only be able to carry out banking transactions on the islands of Tilos, Lispoi and Kassos. They will also not …

European Investment Fund to fund more than 2,000 SME enterprises in Greece

April 28, 2017 Economy 1

European Investment Fund on Thursday signed four funding contracts with Alpha Bank and Piraeus Bank to channel 420 million euros to more than 2,000 small- and medium-sized enterprises – SME enterprises- in Greece. The signing of these contracts was made with the support of European Strategic Investments Fund, the central …

Greek media: All four Greek systemic banks ask for ELA funding

January 17, 2015 Economy Comments Off on Greek media: All four Greek systemic banks ask for ELA funding

A third bank, Piraeus Bank, requested for Emergency Liquidity Assistance (ELA) on Friday, after the Eurobank and Alpha bank, Greek media report on Saturday. Citing sources from the banking sector, Greek media report that all four systemic Greek banks have submitted requests for ELA funding from the Europeran Central Bank, …

BoG confirms “two banks requested ELA funding” – Which banks…

January 16, 2015 Economy Comments Off on BoG confirms “two banks requested ELA funding” – Which banks…

Bank of Greece sources confirmed to several media that two Greek banks made a request for Emergency Liguidity Assistance (ELA) funding from the Bank of Greece in December. However, they did not confirm the amount of liquidity that it was asked, neither did they disclose the names of the banks. …

Alpha-Bank Criticizes Greece’s Bailout-critical political parties

May 31, 2012 Economy, Politics 1

Greek Alpha Bank sharply criticizes political parties and their strategies towards the Memorandum of Understanding. Discussions about government to discharge the MoU threaten the economic stability, says Alpha Bank in the weekly bulletin issued its Economic Research Department. “The Greek economy is suffering from the destabilizing tendencies of an election showdown with a …

Ops! Alpha Bank angry at Morgan Stanley/NBG

March 14, 2011 Economy, Uncategorized Comments Off on Ops! Alpha Bank angry at Morgan Stanley/NBG

A new twist occurred between the former almost mergers Alpha Bank and National Bank of Greece, as Morgan Stancley acquired 5.1% of Alpha stakes. Some Greek economic portals talk about an “aggressive takeover” by the National Bank of Greece and others report of huge acquiring of Alpha Bank shared by …

Athens Stock Exchange hits records

March 14, 2011 Economy Comments Off on Athens Stock Exchange hits records

Athens Stocks and Greek banks soar on Monday, hitting records in gains in the wake of the resolutions of the Eurpean Summit in Brussels, last Friday and Saturday. (13:48 local time) Across the board, the General Index is at 1659.39 units, up 5.02% in a turnover of EUR 154,53 million. …

National Bank-Alpha Bank: Prosecutor probes into possible stocks manipulation

March 1, 2011 Economy Comments Off on National Bank-Alpha Bank: Prosecutor probes into possible stocks manipulation

A Greek high rank prosecutor ordered a preliminary investigation into the trading of stocks of the National Bank of Greece and the Alpha Bank. Greece’s Capital Market Commission also ordered an investigation into the same affair, focusing on the period between February 8 and 21, beginning with National Bank’s first approach to …

Shares Trading of NBG and Alpha Bank under screening

February 28, 2011 Economy Comments Off on Shares Trading of NBG and Alpha Bank under screening

The shares of National Bank of Greece and Alpha Bank are under the microscope of Greece’s Capital Markets Commission, news portal Zougla.gr reported. The screening refers to the trading of the shares in the period of time between January 18, when the administration of NBG approached the management of Alpha for the first time, …