Piraeus Bank

Bank of Greece chief George Provopoulos, who has predicted an economic recovery for the past few years, now says it looks like it's really going to happen and he'd like to keep his job for a second term. "The prospect...

The prospect that Greece may be emerging from the darkness of a harsh economic and deep recession is seeing international investors putting money back into still-troubled Greek banks in expectations they will see profits, Piraeus Bank Chairman Michalis Sallas...

Monday’s meeting of the HRADF Board unanimously declared Lamda Development SA the preferred investor for the acquisition of 100% of Hellinikon SA shares, after the positive feedback from the Council of Experts. This followed the submission of fairness opinions from...

Alpha Bank A.E. said it has enough demand for all its stock as the Greek lender joined Piraeus Bank SA in selling 3 billion euros ($4.2 billion) in shares to bolster capital. Alpha Bank will price the sale at 65...

Bank of Greece chief George Provopoulos said a stress test conducted on the country's four ailing major banks deliberately was conservative on how much they would need in recapitalization funds so investors wouldn't be scared off. While the tests for...

While praising Greece publicly for making progress on reforms, Eurozone finance chiefs privately told Finance Minister Yannis Stournaras they are disappointed at the lack of progress and pressured him to come to terms with international lenders by March 14. During...

Ailing Greek banks, which have already received 41 billion euros in an injection of state money from bailouts, will need another 6.382 billion, stress tests performed by BlackRock Solutions has recommended, less than the nine billion estimated by international...

The Hellenic Entrepreneurship Award (HEA) today announced the opening of applications for its 2014 award programme. Conceived and operated by the Libra Group on behalf of The Hellenic Initiative (THI), the Hellenic Entrepreneurship Award seeks to stimulate entrepreneurial spirit...

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%...

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...