Alpha Bank

The Foundation for Economic and Industrial Research (IOBE) reported on Wednesday that the Greek economy should grow by 0.7% this year but the increasing unemployment rate is likely to drop less than originally estimated. IOBE, Greece's leading economic think tank, had earlier predicted a small growth for...

Citi Greece on Friday announced the signing of an agreement to sell its retail banking services to Greek bank, Alpha Bank, including its Diners Club Greece branch. This deal includes 480,000 clients and gross assets worth 600 million US dollars...

Yannis Kostopoulos announced on Thursday his resignation as chairman of Alpha Bank, one of Greece's four systemic banks. His resignation is expected to be accepted at the scheduled meeting of the Board of Directors of the Bank.  He would be succeeded by...

Greece's successful, if cautious, return to the bond markets this month was the result of a secret, carefully-crafted meeting Prime Minister Antonis Samaras had in New York with investors, brokered by noted Greek-American financier Jamie Dimon, Chief Executive of...

Despite being largely recapitalized by the government, Greece's Eurobank said it needs another 2.86 billion euros ($4 billion) to bolster its reserves. Greek banks have already gotten 41 billion euros ($56.9 billion) from the state, and will need at least...

Alpha Bank A.E. said it has enough demand for all its stock as the Greek lender joined Piraeus Bank SA in selling 3 billion euros ($4.2 billion) in shares to bolster capital. Alpha Bank will price the sale at 65...

Bank of Greece chief George Provopoulos said a stress test conducted on the country's four ailing major banks deliberately was conservative on how much they would need in recapitalization funds so investors wouldn't be scared off. While the tests for...

While praising Greece publicly for making progress on reforms, Eurozone finance chiefs privately told Finance Minister Yannis Stournaras they are disappointed at the lack of progress and pressured him to come to terms with international lenders by March 14. During...

Ailing Greek banks, which have already received 41 billion euros in an injection of state money from bailouts, will need another 6.382 billion, stress tests performed by BlackRock Solutions has recommended, less than the nine billion estimated by international...

The biggest stumbling block for Greece in its long-stalled negotiations with international lenders is how much more money already-recapitalized state banks are going to need. That's hanging up a deal that's blocking release of a pending nine billion euro ($12.46...