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Millennium Bank

European Commission Clears Restructuring Plans of NBG & Piraeus Bank

The European Commission announced on Wednesday that it has found the restructuring plans of the National Bank of Greece (NBG) and Piraeus Bank - including the integration of several Greek banks - to be in line with EU state...

Hellenic Postbank Fugitives Caught in London

British authorities said that Kyriakos Griveas and his wife Anastasia Vatsika, who were subjects of a worldwide hunt and being sought with the help of Interpol as Greek officials said they had absconded with as much as 17 million...

Portugal BCP Sells 4.6 Stake in Greece΄s Piraeus

Portugal΄s largest listed bank Millennium BCP sold , through an accelerated placement, its entire holding of shares and warrants in Piraeus Bank and said it expected gross proceeds of 494 million euros from the offering. The stake, amounting to 4.64%...

Piraeus Bank Says Recap Plan Ok'd

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...