Alpha Bank

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The Commission on Protection of Competition allows Eurobank Bulgaria to Acquire Piraeus Bank

The Commission on Protection of Competition has permitted Post Bank, with legal name Eurobank Bulgaria AD, to acquire Piraeus Bank, Bulgaria.

After permission for the deal was given by the Bulgarian National Bank, the financial entity is now the fourth biggest financial institution in terms of assets in Bulgaria.

European distinction for Bernitsas Law firm

Greek firm Bernitsas Law has been named the Most Innovative Law Firm of the Year in Greece at the 20th International Financial Law Review (IFLR) Annual European Awards.

"Bernitsas won the award due to its role in key transactions of 2018 that will influence legal practice in a number of fields, in Greece and maybe elsewhere," the IFLR said in a statement.

ATHEX: Mild gains on cherry picking

The Athens stock market managed to remain on a rising course on Tuesday, on presentable trading volume, although stocks painted a mixed picture and the banks index headed lower. Traders were very selective, opting to cash in recent bank stock gains while buying into other blue chips and mid-caps.

Profits fall at Alpha and NBG on NPL reduction

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.

The factors threatening this tourism season

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.