Greece made an early repayment of €2.5 billion ($2.8b) bailout loans to the European Financial Stability Facility (EFSF) on Thursday, October 1, 2026, using proceeds from bank reprivatizations to lower its public debt.
The transaction connects two chapters of Greece’s...
On Thursday Piraeus Bank announced the completion of the sale of a stake held in its subsidiary in Cyprus, Piraeus Bank Cyprus Ltd, to Holding M. Sehnaoui SAL for 3.2 million euros.
In an announcement, the bank said that the...
Members of the Hellenic Financial Stability Fund have tendered their resignation to be made effective on July 18, 2016. The decision was made so as to ease the future choices concerning the role that the HFSF will play in...
Greece's creditors ask for a comprehensive bad loans settlement plan to be completed and legislated by December 15 as part of the bailout agreement requirements.
After resolving the non performing mortgages issue, the Greek government has to present a strategy...
The new Greek government will not take any actions to hurt the share values of banks and will not appoint party members at key management positions, the government's spokesperson said on Monday.
"We will not do anything that would hurt...
By the end of 2013, 3600 bank employees will leave Greek Banks with voluntary exit programs.
In the new year, 3600 bank employees will be suspended and forced to search for a new job. The reason behind these suspensions is...
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...
