Eurobank

Even as the Greek government touts a coming primary surplus and predicts the beginning of a recovery next year, The Governor of the Bank of Greece Giorgos Provopoulos said he expects the country's deep recession, now in a sixth...

The National Bank of Greece decreased business loans interest rates by 1.5 percent. A relevant decision is expected to be taken regarding other kinds of loans, while Piraeus Bank and Eurobank also proceeded to the same reductions on interest...

Already struggling despite a 50 billion euros ($65 billion) government recapitalization, Greek banks are being squeezed by the European Union to reduce their operating costs, which means layoffs of workers when the unemployment rate is already a record 27.9...

The first appearance in Greece of German Finance Minister Wolfgang Schaeuble since the country's crushing economic crisis began three years brought out all the luminaries in the business and banking world, who flocked to the Hilton to hear him...

With the Greek government moving to recapitalize and stabilize banks, Prime Minister Antonis Samaras told the heads of the four biggest financial institutions that they should start lending against to to help ease the shortage of liquidity and boost...

The deal to sell the troubled New Hellenic Postbank to Eurobank has been agreed upon. The Hellenic Financial Stability Fund (HFSF) said the procedure was finished on July 16 with the signing of a bonding agreement. The decision was taken...

The troubled private bank Eurobank is expected to take over the more troubled state financial institution Hellenic Postbank, the country's banking stabilization agency HFSF said. The new operation will be called New Postbank (NTT). The HFSF and Eurobank will cooperate...

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough money privately to avoid nationalization after Eurobank failed to do so. Greece's banks were brought...

With Greek banks on the ropes and awaiting an injection of 50 billion euros ($65 billion) in state funds, the country's second-largest lender, Piraeus Bank, said shareholders have approved a recapitalization plan that is intended to safeguard the bank's...

Eurobank officials said the institution will need to put itself in the hands of the Greek state’s lender support fund, which will fully and immediately implement its recapitalization, and draft a strategy toward strengthening the lender via the acquisition...