Alpha Bank

Greek stocks rebounded on the Athens Exchange on Wednesday, led by a strong interest in banking shares.

The ATHEX general index rallied 2.02 percent to end at 719.46 points, having however dropped to an intraday low of 700.27 points. Turnover came to 39.998 million euros.

The large-cap FTSE-25 index rose 1.94 percent and mid-caps advanced 1.56 percent.

The Turkish lira crisis and questions over the fiscal prudence of the new Italian government have significantly increased the uncertainty in international equity and bond markets, Alpha Bank said in its weekly report published on Friday.

A Greek regional authority said it is suspending all cooperation with one of the country's banks after the lender announced the closure of its branches on three islands.

Earlier this week, Alpha Bank announced it would cease operations at its branches on the islands of Tilos, Leipsoi and Kassos on September 14. The closures would leave the remote islands without a bank.

The Regional Authority of the Southern Aegean said on Thursday it is suspending the cooperation agreements it has with Alpha Bank.

The region said the decision came after the bank announced on Tuesday it will be closing its branches on the islands of Tilos, Lipsoi and Kassos on September 14.

The decision will leave the remote islands without a bank.

The benchmark of the Athens Stock Exchange (ATHEX) recorded marginal losses on Tuesday, having gained more than 1.50 percent during trading.

The ATHEX general index ended at 720.32 points, down 0.05 percent from Monday's 720.71 points, having reached an intraday high of 731.97 points.

Turnover came to 36.77 million euros.

Alpha Bank has unexpectedly decided to shut its branches on the islands of Tilos, Kasos and Lipsoi, forcing local residents to travel by boat to another island to get their banking done, their mayors said on Tuesday, according to the state-run Athens-Macedonian News Agency.

Grand Hyatt Athens is opening its doors Thursday, making it the third Grand Hyatt in Europe after those in Berlin and Istanbul.

The luxury hotel is located on Syngrou Avenue, in the premises of the former Ledra Marriott.

Alpha Bank and Eurobank are set to complete the sales of three portfolios of nonperforming loans valued at 4.7 billion euros by end-2018, bringing the total face value of loans unloaded by the country's four systemic banks above 20 billion euros (including interest).

For hotel industry enterprises to create more jobs and implement investments that will improve the quality of service, they need a more favorable tax policy, Alpha Bank argues in its weekly financial bulletin.

The European Investment Bank on Thursday announced the signing of a 24-million-euro financing agreement with Greece's Terna Energy Group to help fund the development, construction and operation of two windfarms on Mount Vermio in northern Greece.

Alpha Bank acted as co-lender, providing an equivalent amount of long-term debt next to a medium-term VAT facility.