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Attica Bank

Recently Appointed Chief of Attica Bank Dies at 69

Prominent Greek banker George Michelis, who was appointed as Chairman of the Board of Attica Bank in late March, died on Saturday in Athens. He was 69. Attica Bank is the fifth largest Greek bank but significantly smaller than the...

Greek Minister Accused of Illegally Recording Phone Call with Central Banker

Bank of Greece Governor Yannis Stournaras on Tuesday called for the intervention of judicial authorities over the recording of a telephone call with a government minister which was leaked to a news site. In an angry press release, Stournaras called...

Bank of Greece to Look at Minister Polakis' Loan From Attica Bank

Yiannis Stournaras, the governor of the Bank of Greece, called a meeting on Monday between his bank's officials and those from Attica Bank. In question is Attica Bank's recent personal loan to Greek Alternate Health Minister Pavlos Polakis. It was disclosed following...

Attica Bank Sells Non Performing Loans Portfolio

Non-systemic Greek lender Attica Bank has announced the sale of a non-performing loan (NPL) portfolio, a development that was approved by the Bank of Greece (BoG), its regulatory overseer. According to an announcement, Artemis Financial Sarl, which is controlled by...

Ten Former Attica Bank Officials, Employees, Charged With Breach of Duty Over Loans

Ten former bank officials and employees of Attica Bank have been charged with breach of trust against a banking institution by a corruption prosecutor in Thessaloniki for granting loans to insolvent businesses during the period 2010-2011. The file includes four...

Attica Bank Accuses Greek Government 'Protege' of Blackmailing Tactics

Attica Bank management has accused the Kalogritsas family of using blackmailing tactics in order to get more loans without collateral, according to a SKAI television report. Specifically, SKAI has produced an Attica Bank letter addressed to Messrs. Christos and Yiannis-Vladimir...

Attica Bank Chief Roumeliotis: IMF's Wrong Forecasts Increased Greece's Funding Needs

The International Monetary Fund (IMF) has made serious mistakes in the first memorandum, noted the chairman of Attica Bank and Greece's former representative to IMF Panagiotis Roumeliotis speaking to Athens Macedonian News Agency. "The wrong forecasts increased Greece's funding needs"...

Seven Funds Express Interest in Attica Bank's NPLs

Seven funds expressed interest in managing Attica Bank’s mostly businesses' non-performing loans (NPLs), which amount to about one billion euros, according to sources on Tuesday. The same sources said the funds will also invest about 70 million euros to fully...

Ex-PASOK Fund Manager Spyropoulos Charged With Fraud

An Athens prosecutor brought criminal charges of breach of faith and fraud against Rovertos Spyropoulos, the former socialist PASOK party head of the Social Security Foundation (IKA). The charges were brought following a long investigation into the socialist party's...

Bank of Greece Report: Attica Bank Mired in Discrepancies

The Bank of Greece probe of Attica Bank uncovered at least 30 serious discrepancies in its administration and operations, and a report is submitted to parliament. According to the report, there are several shortfalls in Attica Bank's administrative and business...