Tag Archives: Eurobank

Greek bank Eurobank Ergasias said on November 7 that it reached an agreement to buy the Bulgarian subsidiary of fellow Greek lender Piraeus Bank for 75 million euro. The acquisition would be done by Eurobank’s Bulgarian unit, Postbank, and is expected to close in the first quarter of 2019, subject …

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Greek lender Eurobank issued its €500 mln covered bond attracting more than € 1bn in bids. In a statement the Eurobank underlined the “successful issuance of covered bonds amounting to €500m” and said: Eurobank successfully concluded yesterday a €500m. new covered bond transaction (bond or covered bond). A series of …

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Eurobank , Greece’s third largest lender, said  it will sell a 1.5 billion euro pool of non-performing loans to Sweden’s Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators. Greek banks are burdened by soured loans clogging up their balance sheets …

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The reasons why the Greek crisis was so profound and long-lasting, and why Greece was currently the only country that had yet to emerge from memorandum [bailout] programmes, were the focus of a Eurobank analysis unveiled on Wednesday. According to the study’s authors, the country’s ability to service its debts …

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The position adopted by U.S. President Donald Trump will be key in resolving EU-IMF differences over Greece, top European analyst Daniel Gros told the Athens-Macedonian News Agency (ANA) on Wednesday. According to Gros, who is the director of the influential Centre for European Policy Studies (CEPS) think tank based in …

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Toronto-based Fairfax bought 80% of Greece’s third largest insurer Eurolife that sells insurance products through Eurobank, where Fairfax holds a stake. It is the second acquisition announcement today, after Qatar National Bank announced it acquired Turkish Finanzbank from the National Bank of Greece. “After riding out the Greek banking crisis …

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So the eurogroup finance ministers allegedly discussed also about imposing Capital Controls in Greece. Custom is that nobody speaks openly about Capital Controls in advance, but suddenly sends banks to “holidays” to the increase the surprise effect and prohibit bank runs. However the Belgian Finance Minister could not keep the …

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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, …

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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. …

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Two seem to be the key features of Greece’s new Finance Minister Gikas Hardouvelis: that he knows the euro mechanism and he knows the banks.  Hardouvelis is a professor of Finance & Economics at the University of Piraeus and Cheif Economist and Director of Research at the EUROBANK. He served …

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Greek government spokesman Simos Kedikoglou rushed Monday morning to calm down depositors, concerned about their money in accounts of National Bank and Eurobank after the merger was called off. “Deposits are safe, the banking sector is shielded,” Kedikoglou told a private television channel. Short time later, EU Commission felt also …

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The news fell like a bomb on Sunday night: that the much praised National Bank (NBG) – Eurobank merger was stopped by Greece’s international lenders, the Troika of EU, IMF and ECB representatives. Greek media reported that the Troika had objections about the size of the new bank to have emerged from …

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