Alpha Bank

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Alpha Bank picks CFO Psaltis as new chief executive

Alpha bank, Greece's fourth-largest lender, said on Thursday its board of directors picked Chief Financial Officer Vasilis Psaltis as the bank's new CEO to replace outgoing Dimitris Mantzounis.

The board's decision was unanimous Alpha Bank said in a bourse filing. Psaltis will take over as new CEO on Jan. 2. [Reuters]

Stocks jump on Athens bourse, led by banks

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.

Islands oppose bank branch closures

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.

Southern Aegean suspends deals with Alpha 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.