Alpha Bank
Economy
Credit Agricole Returns to Greece as Major Shareholder in Alpha Bank
Credit Agricole, the French bank giant which ended its commercial presence in Greece around three years ago when it sold Emporiki Bank to Alpha Bank, is returning to Greece, this time as a major shareholder in Alpha Bank.
Alpha Bank,...
Economy
The Emblematic Athens Hilton Hotel is Allegedly for Sale
The Athens Hilton, the emblematic hotel that has hosted countless important people and celebrities visiting Athens, is allegedly up for sale.
According to a report on Eyro2day.gr, Alpha Bank has already started procedures to sell the hotel having Citigroup as...
Economy
Athens' Stock Exchange Temporarily Suspends Trading for 3 Greek Banks
Athens’ Stock Exchange announced on Wednesday it will temporarily suspend trading of the stocks of three systemic banks – Alpha Bank, Eurobank and Piraeus Bank – from November 27, in order to complete the shares' reverse split.
According to the...
Economy
Private Sector Deposits up 305M Euros in August
Private sector deposits in Greek banks grew by 305 million euros in August, after a decline by 1.397 billion euros in July, totaling 121.138 billion euros, up from 120.833 billion in August, but sharply down compared with 237.8 billion...
Economy
Red Loans Pose Threat to Greek Banks Restart
"Bad loans haunt Greek Banks Seeking New Start" is the title of a Reuters report regarding the plight of the banking sector in Greece's economic crisis.
After 40 billion euros of deposit outflows and three weeks of closed doors and...
Economy
Eurobank to Take Over Alpha Bank Branches in Bulgaria
Eurobank, one of Greece's biggest banks, will take over the business of another major Greek bank, Alpha Bank, in the neighboring Balkan country of Bulgaria.
Eurobank's subsidiary, Postbank, will buy the Bulgarian branches of Alpha Bank's subsidiary, Alpha Bank Bulgaria.
Postbank will reportedly take...
Greece
Greece's Alpha Bank Freezes e-Transfers until Monday
Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank, that came interestingly on the same day that Greek Prime Minister Alexis Tipras called for...
Economy
Skopje Challenges Athens by Blocking Greek Bank Capital Withdrawal
Skopje showed its true colors to Athens once more, after central bank head Dimitar Bogov announced on Friday that his country bans Greek bank owners with assets in FYROM to pull out their capital unless they offer their holdings for sale.
Bogov revealed his...
Business
Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital
Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources.
Earlier this week, Athens has secured a four-month extension of its...
Economy
Moody's Downgrades Five Greek Banks
Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February.
The ratings agency said...