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Greek lenders Alpha Bank and National Bank reported a sharp fall in profit in the last quarter of 2018 as they focused on reducing their piles of bad loans.
Alpha, Greece's fourth-largest lender by assets, reported a net loss from continuing operations of 0.4 million euros in the October to December period after a net profit of 41.1 million euros in the third quarter.
Alpha Bank warns in a report on tourism in 2019 that the risks associated with the economic slowdown in Greece's main markets, the Brexit uncertainty and concerns over trade wars and geopolitical tensions are leading to travelers from certain countries exhibiting more conservative behavior. The World Tourism Organization also believes that this behavior is already quite obvious.
Alpha Bank has added two new positions, chief legal officer and head of international operations, to its executive committee, Greece's fourth-largest lender said on Thursday.
The bank appointed Sergiu Oprescu as general manager of its international network, and Nikos Salakas as chief legal and governance officer.
Diners Club and Alpha Bank present the fourth installment of Dine Athens, a celebration of the Greek capital's ever expanding and increasingly respected restaurant scene, running through February 10. This premier culinary event offers discounts and special menus at 120 select eateries around the city.
An Athens prosecutor on Friday ordered a preliminary investigation into reports that a close associate of a government minister had tried to intervene so that a company owned by disgraced businessman Lavrentis Lavrentiadis could get out of paying more than 120 million euros in debts to the Public Gas Corporation (DEPA).