Tag Archives: Piraeus Bank

Piraeus Bank staff will hold a nationwide 24-hour strike on Thursday, Dec 5, 2019, as well as a protest gathering to be held at the labor ministry on the same day.A work stoppage was held on Wednesday. The Federation of Bank Workers’ Unions (OTOE) said the actions aim to protest …

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Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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The Athens Stock Exchange is currently under pressure, as banking stocks are under a strong sell off, with Piraeus Bank to be even moving within the limit down, Greek media report short after 12 o’ clock noon on Wednesday. In particular, the General Index recorded losses of 3.45% at 657.66 …

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Piraeus Bank has won a lawsuit against Greece’s main opposition party New Democracy for loans that have not be repaid. A First Instance Court in Athens ruled on Tuesday in favor of the bank that could theoretically proceed with the confiscation deposits and assets of  the conservative party.Greece’ main opposition …

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Greece’s central bank governor is under investigation by an anti-corruption prosecutor over the alleged leaking of an auditor’s report on Piraeus Bank, a troubled Greek lender accused of violating capital controls imposed at the height of the country’s financial crisis. Citing “two sources with knowledge of the case,” , a …

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Piraeus Bank said on Monday it will respond to a draft report of a Bank of Greece audit that found regulatory violations during 2014-16 and that a final report by the central bank would follow thereafter. Piraeus shares came under selling pressure last week, prompting the bank to say it …

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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 …

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Donald Trump’s election victory could spark spreading economic growth that lifts Greece out of recession, helping the country’s struggling lenders along the road to recovery, according to Piraeus Bank Chairman George Handjinicolaou. “If the bullish sentiment that currently exists in the U.S. with the election of a new president is …

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Greece’s main opposition party, conservative New Democracy, is one step before going bankrupt after one of Greece’s systemic banks claimed its loans. According to newspaper Agora, Piraeus Bank asked the full amount of loans to ND. The total amount is 160million euros, incl. loan €131million plus arrears and surcharges. The …

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The board chairman of Greece’s largest lender Piraeus Bank (BOPr.AT) resigned on Wednesday after an extraordinary board meeting. Michael Sallas who led Piraeus to become the country’s largest bank by assets after a series of acquisitions said in a statement that the new financial environment needed new managers to “steer …

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The Board of Directors of the ESM decided today to release €2.72 billion to Greece to recapitalise Piraeus Bank. This amount will be subtracted from the €10 billion held in a segregated account at the ESM and designated to cover the Greek banking sector’s potential resolution and recapitalisation costs, part …

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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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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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Greek Fincancial Stabilty Fund (HFSF) approved the bid of Piraeus bank to acquire the branches of Bank of Cyprus and Cyprus Popular Bank in Greece. “Piraeus bank will take over 12 billion euro in deposits,” Skai TV reported on Friday evening adding that the bank personnel will be transferred to …

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Greece’s Piraeus Bank said it will pay 95 million euro to acquire the healthy assets and liabilities of state lender Agricultural Bank (ATEBank), a deal  that was announced by the Central bank of Greece on Friday. According to Piraeus Bank statement released on Monday, the country’s four-biggest lenders acquires from …

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Debt-ridden Greece sent a positive message to the Troika, as it announced that the country’s fourth-biggest lender Piraeus Bank took over the healthy assets of state lender Agricultural Bank (ATE). Greece’s lender had been pushing since summer 2011 for ATEbank’s restructure as it was the only bank that had failed to pass …

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 Piraeus Bank, the  fifth-biggest lender in Greece, has submitted a proposal to the Greek government to buy “significant stakes” in two Greek state-controlled banks, the Agricultural Bank of Greece-ATE and the Hellenic Postbank-TTE,  Piraeus Bank CEO Mihalis Sallas announced in a Press Conference in Athens two hours ago. The Greek government …

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