Alpha Bank
Greece
ECB Greenlights Emergency Liquidity Assistance to Greek Banks
The European Central Bank (ECB) gave the green light for Emergency Liquidity Assistance (ELA) to Greek banks.
Three major Greek banks will get the ELA; Alpha Bank, EFG Eurobank and Piraeus Bank will have the support of the financial mechanism for...
Economy
Bank Deposits in Greece Reach Two-Year Low in December
A new two-year low reached bank deposits in Greece in December, as Greeks withdrew some 4.6 billion euros in a period stigmatized by political uncertainty due to the unsuccessful election of a new President of the Hellenic Republic and...
Economy
Greek Systemic Banks Request Inclusion in ELA
Greece's central bank has moved to protect its banks from any fallout from the coming general election, asking the European Central Bank to approve a stand-by domestic emergency funding line, a Bank of Greece official said on Saturday.
"We have...
Economy
Greek Banks to Implement Law on 'Bad Loans'
Greek banks are ready to implement the law on "bad loans." This emerged after today's meeting at the government headquarters between Prime Minister Antonis Samaras, government Vice President Evangelos Venizelos, Finance Minister Gikas Hardouvelis, Alternate Finance Minister Christos Staikouras,...
Economy
No Surprises in Greek Banks' ECB Stress Test Results
Three out of four systemic banks in Greece have failed their ECB stress tests. The results aren't entirely devastating, however, since the banks' capital needs are minimal and the European Central Bank is willing to re-examine the banks' dynamic balance sheets.
“Greece’s Eurobank...
Economy
Piraeus Bank and Alpha Bank Pass ECB Stress Tests
According to market estimates, Alpha Bank and Piraeus Bank passed their stress tests with ease. These estimates remain to be confirmed by an official statement, to be released on Sunday.
Earlier today, Reuters reported that Alpha Bank has passed the stress...
Business
Alpha Bank Plans to Sell Athens Hilton Hotel
Bloomberg News Agency reported today that Alpha Bank will soon announce the agreement for the sale of Athens's Hilton Hotel, currently the property of Ionian Hotel Enterprises, an Alpha Bank subsidiary.
According to Bloomberg, Oaktree Capital Group LLC and Jermyn...
Business
The Greek Companies That Resist Crisis
Despite the dire economic conditions prevailing in the country, some Greek companies were able to withstand the crisis and maintain or even increase their profit.
ICAP Group presented the 500 most profitable companies in Greece, based on their published accounts...
Greece
Alpha Bank Sheds 21% of Staff Via Voluntary Exit Plan
Greece's fourth-biggest bank, Alpha Bank, announced on Monday that approximately 21% of its 10,000 employees will enter a voluntary exit plan that was launched last month, aiming to cut costs.
Alpha Bank's target is to cut 15% to 20% of its workforce in order to...
Greece
Rental Prices Drop in Athens
A research conducted by real estate consultancy firm Remax Newdeal, showed that rental prices for small, up to 60 square meters, old apartments, in Athens, Greece, have dropped by 50 % since the recession began in 2008.
According to the research, rental prices for...