Greece
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Eurobank

Moody’s Upgrades the Four Largest Greek Banks

The credit agency Moody's upgraded on Monday the long-term deposit ratings of the four biggest Greek banks, and said that the outlook for all of them is positive. The upgrade, "driven by their improving asset quality and solvency and good...

Greece's Eurobank Buys Out Property Firm in €780 Million Deal

Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up the reduction of bad loans. The Athens News Agency says that the 780 million euro ($886...

Piraeus Bank Sells Bulgarian Subsidiary to Eurobank

Piraeus Bank, Greece's largest lender, announced on Wednesday that it has entered into an agreement with Eurobank Ergasias for the sale of its shareholding stake (99.98%) in its banking subsidiary in Bulgaria (PBB). The transaction, according to a press statement...

Greece's Eurobank to Maintain Balkan Subsidiaries

Reuters has reported that Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said on Tuesday, expecting the group's subsidiaries there to double their profitability over the next few...

Eurobank Extends Deal with EIF, Doubles Funds for Small Businesses

Eurobank extended last year’s agreement with the European Investment Fund (EIF) to provide financing for small businesses, doubling the amount of available funding to 260 million euros, the Greek bank announced on Wednesday. Small businesses form the backbone of Greece’s...

Sale of Eurobank's Ukrainian Unit Completed

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The transaction is reported to have completed on December 23 and was in line with Eurobank's...

4.5 Bln Euro Deposited in Greek Banks in Two Months

Deposit inflows to Greek banks reached 4.5 billion euros over the last two months, namely after May 24 – the date of the Eurogroup that approved the Greek program evaluation - until late July. According to the Greek newspaper Kathimerini,...

Eurobank Board Chairman Appointed Head of 'Hellenic Advisory Board'

The South East European Studies at Oxford (SEESOX)at St Antony's College at Oxford University, decided to establish a Hellenic Advisory Board appointing Nikolaos Karamouzis as chairman. The Hellenic Advisory Board is part of a new Research Program called "The Greek...

Athens Stock Exchange Plunges 15% After Brexit Announcement

The Athens stock exchange plunged 15% after the announcement of the British referendum results in favor of the Brexit on Friday morning. Greece's bourse followed the international downward trend caused by the Brexit. The Athens stock exchange, along with European...

Athens Stock Exchange Takes 5% Plunge

The Athens Stock Exchange took a 5 percent plunge on Wednesday closing at 531 points, generating turmoil among foreign investors. The dip in bank shares was substantial, reaching almost 14 percent for Eurobank and Piraeus Bank. At 4:20 pm the general...