Greece
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Alpha Bank

Greece Recapitalizes Biggest Banks With 18 Billion Euros

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international lenders to reduce its debt, the country’s four largest banks have been given 18 billion...

Greek Banks Could Nix Loans to Ship Owners

ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks because of the economic crisis that has created a deep recession and has threatened to...

Ailing Greek Banks Will Get A Bailout Too – $62.8 Billion

ATHENS – Awaiting $172 billion in a second bailout to save its economy, Greece will also get more than $62.8 billion in loans from the European Financial Stability Facility (EFSF) to recapitalize its banks, which will take $39.25 billion...

Alpha and Eurobank Agree to Merge

Two of Greece’s three biggest lenders, Eurobank EFG and Alpha Bank have reached an agreement to merge, according to reports, which would create one of the biggest banking groups in the broader region. The team-up between the two lenders would...