branches Archives - Keep Talking Greece

38,000 employees to “voluntarily exit” Greece’s systemic banks

August 16, 2019 Economy Comments Off on 38,000 employees to “voluntarily exit” Greece’s systemic banks

The landscape of Greece’s four systemic banks is set to change as 38,000 bank employees will have to make important and difficult decisions about their future: they will have to voluntarily join the exit programs and seek other job opportunities elsewhere. The outsourcing of non-performing loans and the development of …

Greek banks to close down 800 branches, cut 8,000 personnel

November 12, 2018 Economy Comments Off on Greek banks to close down 800 branches, cut 8,000 personnel

Greek systemic banks are forced to cut 8,000 personnel and close down 800 branches across the country. The Single Supervisory Mechanism of the European Central Bank keeps reminding the Greek banks that they have to proceed with drastic cut of operational cost and thus as soon as possible. It was …

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 …

Deal sealed: Piraeus Bank buys 3 Cypriot banks units in Greece for €524 million

March 26, 2013 Economy Comments Off on Deal sealed: Piraeus Bank buys 3 Cypriot banks units in Greece for €524 million

Greece’s Piraeus bank announced that it will acquire the branches of Bank of Cyprus, Cyprus Popular Bank and Hellenic Bank in Greece for 524 million euro. The announcement was made Tuesday noon. The branches of these banks will open on Wednesday, March 27th 2013 and all operations will be performed …

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