Eurobank

Greek Prime Minister Antonis Samaras, his New Democracy Conservatives still reeling from being beaten in the European Parliament elections by the major opposition Coalition of the Radical Left (SYRIZA), made changes in his Cabinet on June 9, with the...

Prem Watsa, chairman of Fairfax Financial Holdings, on Friday expressed his full confidence that Eurobank will become profitable in the long-term. Addressing a meeting with the bank’s top executives in Athens, Watsa said: “Our long-term goal is Eurobank to become...

Eurobank Properties R.E.I.C.  has announced its acquisition of 14 properties from the Hellenic Republic Asset Development Fund. The bank will lease the buildings, which include various ministries, back to the Hellenic Republic for 20 years, it said May 12. The...

Greece's fourth biggest lender Eurobank said on Good Friday that its 2.86 billion euros share issue will take place between Friday April 25th and Tuesday April 29th. The issue price per new share will be announced by Thursday April 24th by the bank's board of directors after they have determined...

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...

Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really going to happen and he'd like to keep his job for a second term. "The prospect...

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...

The bill on the renewed recapitalization of Greece’s banks may be tabled at the Greek parliament as soon as this week, according to Hellenic Financial Stability Fund (HFSF) officials, after a meeting was held at the Greek Finance Ministry...

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...