Piraeus Bank

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...

With media speculation that the apparently abandoned proposed merger of National Bank of Greece and Eurobank could lead to the government going after bank deposits as Cyprus did, the head of the central bank, George Provopoulos, reiterated that all...

The announcement that the National Bank of Greece and Eurobank will stage their recapitalization has effectively frozen plans for them to merge as the government wanted, but which was opposed by the country's international lenders, the Troika of the...

After being closed since March 15 during Cyprus' economic crisis amid fears depositors would rush to withdraw their money, 312 branches of Cypriot banks in Greece were back in operation on March 27 after being taken over by the...

Greece's Piraeus Bank said on Tuesday it agreed to buy the branches of all three Cypriot banks in Greece for 524 million euros ($675.04 million) in cash. The deal concerns the Greek units of Bank of Cyprus , Cyprus Popular...

Greece's Piraeus Bank expects to conclude deals to take over the Cypriot banks operating in Greece by noon on Tuesday, Greece's third-largest lender by assets said. On Friday Greece's bank bailout fund picked Piraeus to acquire the Greek operations of...

With Greek banks still reeling from big losses imposed by the government in a desperate bid to write down its staggering $460 billion debt, shareholders at Eurobank have voted to accept a buyout offer from the National Bank of...

While banks are pressing austerity-crushed Greeks to pay back their loans in full despite big pay cuts, tax hikes and slashed pensions, prosecutors are probing why the New Democracy and PASOK Socialist parties who are partners in a coalition...