Greece
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Proton Bank

European Commission Approves State Aid for Nea Proton Bank

The European Commission approved state aid for Nea Proton Bank of 1,7 billion Euros in the context of the Nea Proton Bank resolution. The EC temporarily approved the aid until the investigation it has committed it has started ends...

Prosecutor Recommends Pressing Fraud Charges Against Business Executive

On Friday, Athens First Instance Court prosecutor Yiannis Dragatsis recommended felony charges be pressed against high-profile entrepreneur Lavrentis Lavrentiadis and another 25 individuals, in relation to massive loans that proved damaging for Proton Bank, and which were approved when...

Failed Proton Bank Sues Former CEO

Proton Bank, currently under liquidation, filed a suit on Monday against former major shareholder and board chairman Lavrentis Lavrentiadis and 12 other people, accusing them of a series of criminal-level offences that include breach of faith, fraud, morally instigating...

Scandalized Proton Bank Gets Nationalized

ATHENS - The National Bank of Greece has moved to take over Proton Bank, a small lender that is under investigation for possible violation of the country's money-laundering laws and embezzlement. NBG said it had it activated a bank...