Greece
Calamos Supports GreeceCalamos Supports Greece

Hellenic Financial Stability Fund

Piraeus Bank Announces Completion of Sale for Subsidiary in Cyprus

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...

Greek HFSF Stability Fund Board Members Tender Resignations

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...

Greek 'Red' Loans to be Sold to Foreign Distress Funds

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...

Greek Gov't Will Not Appoint Party Members to Run Banks

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...

3600 Bank Employees Losing their Jobs

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...

Hellenic Postbank-Eurobank Deal Done

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...