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EFG Eurobank

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...

EFG Eurobank To Sell Turkish Subsidiary To Kuwait’s Burgan Bank

Turkish group Eurobank Tekfen, a partnership of Greek lender EFG Eurobank and Turkish company Tekfen, said the process of selling a 70 percent stake in the bank was continuing, Milliyet newspaper reported on Thursday. Eurobank, Greece’s second-largest lender, said in...