Eurobank

Greece's Alpha Bank says it has made an offer to French lender Credit Agricole to buy its Greek subsidiary, Emporiki Bank. A statement from Alpha Bank Tuesday said it had made an offer to buy all the shares in Emporiki...

ATHENS – Greece’s beleaguered banks, beset by nervous Greeks yanking out billions of dollars in the frantic period ahead of the critical June 17 elections and holding on thanks to an emergency injection of $23.9 billion in a bailout,...

ATHENS – Despite more than two years of record cost-cutting, including slashes in salaries and pensions in addition to record tax hikes demanded by international lenders in return for $325 billion in two bailouts, Greece’s economy is continuing its...

ATHENS – With Greece’s bank sector reeling in the wake of big losses imposed by the government as part of a deal with international lenders to reduce its debt, the country’s four largest banks have been given 18 billion...

ATHENS – Greece’s shipping industry, which pays no income taxes to its homeland, may find it difficult to get more financing from Greek banks because of the economic crisis that has created a deep recession and has threatened to...

Greek banks will post deep losses for 2011 when they report results on Friday, with the spotlight on the scale of the capital hit they suffered from big bond writedowns and provisions for bad loans. Battered by a debt crisis...

ISTANBUL – Desperate to find buyers of its assets and holdings to satisfy international lenders, Greece is turning to its neighbor and often-time enemy Turkey to find investors amid fears of a bargain basement fire sale that will bring...

ATHENS – Awaiting $172 billion in a second bailout to save its economy, Greece will also get more than $62.8 billion in loans from the European Financial Stability Facility (EFSF) to recapitalize its banks, which will take $39.25 billion...

ATHENS – As Greece takes regular bashings in media around the world and is struggling to stay alive during an economic crisis and deep recession, more than 20 of the country’s biggest businesses have teamed up to take out...

Two of Greece’s three biggest lenders, Eurobank EFG and Alpha Bank have reached an agreement to merge, according to reports, which would create one of the biggest banking groups in the broader region. The team-up between the two lenders would...