Alpha Bank
OpenCalais Metadata: Ticker
EC Vice-President Dombrovskis says Greek bank recapitalization is linked to 3rd memorandum
The Vice President of the European Commission, Valdis Dombrovskis warned that the salvage of Greek banks could be delayed. In an interview to financial site ‘Bloomberg’ Dombrovskis underlined the urgency of implementing the rescue plan for Greece and its banking system, stressing that the review of the 4 major Greek banks was linked to the country’s bailout plan.
Piraeus 'in Talks' with NBG Group to Merge into Bulgaria's UBB
Greece-based Piraeus Bank is negotiating with the National Bank of Greece (NBG) group over a potential merger into United Bulgarian Bank, owned by NBG, media reports suggest.
None of the two Greek lenders has yet commented on the reports of the Greek-language news website Euro2Day, which is quoted by the Bulgarian mass circulation daily 24 Chasa ("24 Hours").
Alpha Bank sells Bulgarian subsidiary to Eurobank
Greece-based Alpha Bank has sold its Bulgarian operations to Eurobank, another (temporarily closed) Greek for an undisclosed sum.
Alpha has 83 branches 744 employees in Bulgaria.
Eurobank’s subsidiary, Postbank Eurobank Bulgaria AD, will assume control. Alpha Bank sold its Ukrainian affiliate to Delta Bank in 2013.
- Read more about Alpha Bank sells Bulgarian subsidiary to Eurobank
- Log in to post comments
Bulgaria is Well Prepared for Greek Bank Crisis, Foreign Minister Mitov says
The Greek financial crisis will not have severe consequences for the Bulgarian financial sector and business, as stated by the Bulgarian Foreign Minister Daniel Mitov Tuesday in an interview for the Bulgarian National Television.
ATHEX: Positive vibes contain early
In spite of the initial negative reaction to Prime Minister Alexis Tsipras?s strong words about the creditors, the losses of the Greek stock market benchmark were contained to less than 2 percent on Wednesday in a sign that optimism and relief remained at the back of investors? minds.
- Read more about ATHEX: Positive vibes contain early
- Log in to post comments
Lenders' first-quarter data suffer from NPL expansion
National and Alpha were forced to increase their provisions
Two of the country?s biggest lenders, National Bank and Alpha Bank, announced on Thursday an increase to net losses in the first quarter of the year, which reflect the deterioration of economic conditions in Greece and which forced them to expand their provisions to cover nonperforming loans.
ATHEX: Hopes for end to talks help stocks expand
Expectations that the long and arduous negotiations between the Greek government and the country?s creditors may be nearing completion sent Greek stocks soaring on Wednesday, with the market?s benchmark finally passing 850 points and trading volume getting close to 100 million euros.
- Read more about ATHEX: Hopes for end to talks help stocks expand
- Log in to post comments
ATHEX: Juncker phone call helps local stocks grow
The telephone call between Prime Minister Alexis Tsipras and European Commission chief Jean-Claude Juncker turned things around at the Greek bourse on Wednesday, with morning losses giving way to afternoon gains. The benchmark closed near the day?s high, back above the 800-point level.
- Read more about ATHEX: Juncker phone call helps local stocks grow
- Log in to post comments
Greek Debt Talks Mark Progress as Athens Reshuffles Negotiation Team
The talks on the Greek debt between the country and its international creditors are finally making a progress after Athens replaced the head of its negotiation team.
The negotiations had been led by Greek Finance Minister Yanis Varoufakis, but the change was necessitated as he was increasingly being criticised by his European partners.
Bankers call for a quick deal to get economy back on track
By Yiannis Papadoyiannis
The heads of Greece?s four systemic banks stress the need for an agreement between the government and the country?s international creditors to end uncertainty and put the economy back on the path to growth.