Alpha Bank

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Part of Petalioi island complex put on the auction block

Part of the Petalioi island complex, off the coast of Evia, is to be auctioned off on Wednesday at a bargain price.

Alpha Bank has put up 50 percent of Petalioi Estate SA for sale with a starting price of 2.7 million euros. This share of the company belongs to Maris Empeirikos who owes Alpha 1 million euros.

ATHEX: Robust rise continues for banks index

The banks index at Athinon Avenue enjoyed a second consecutive day of gains in excess of 4 percent on Friday, building not only on the advance of the Heracles plan for the securitization of bad loans, but also on the upward momentum observed in foreign stock markets. That also led to the benchmark attaining growth just shy of 2 percent.

Cretan Cities: The Testimony of the Coins | Crete | To December 15

The Museum of Ancient Eleutherna's temporary exhibition "Cretan Cities: The Testimony of the Coins" showcases Cretan history through a collection of ancient coins. The exhibit, organized by the Ephorate of Antiquities of Rethymno, the University of Crete and the Alpha Bank Numismatic Collection, includes 124 ancient coins and a detailed catalogue in Greek and English.

Banks slash bad-loan stock by over 15 billion euros in a year

Greece's four systemic banks have reduced their stock of nonperforming exposures (NPEs) by 15.3 billion euros in the last year, as their financial reports at the end of June showed that their total NPEs stood at 78.8 billion, compared to 94.1 billion a year earlier.

This reduction is the outcome of loan restructurings and settlements as well as the extensive sales of loan portfolios.