Attica Bank
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17 Greek businesses meet foreign Funds
The 11th Annual Greek Roadshow, organized by the Athens Stock Exchange, is taking place in London with 27 of the largest Greek companies attending the three-day event. Participants get to meet with representatives of foreign funds at the facilities of the Bloomberg agency.
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These are the 11 pension reductions
Despite the pensioner’s patience, IKA’s deficit is doubled by the reduction of Government Funding. The administration of the Social Security Foundation (IKA) revealed that the deficit will be 2.1 Billion Euros for 2016, from 950 millions last year.
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A question of ethics
Plenty has been said and written over the last few days regarding the operations of Attica Bank, Greece's fifth-largest lender.
First and foremost, however, the current situation has also brought to light an ethics issue which concerns, among other things, thousands of Greek pensioners.
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ATHEX: Moderate rise for benchmark
The majority of Greek stocks went up on Tuesday, despite the 9.58 drop posted by Aegean Air after its poor second-quarter results, and Attica Bank's 1.72 percent slide upon having its trading suspension lifted amid a damning loans scandal.
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Parliament calls Pappas and TV licenses’ owners
Most members of SYRIZA-ANEL “covered themselves” behind the President of the Institutions and Transparency Committee of the Greek Parliament that examined the New Democracy’s request to bring before the Parliament the four new TV channel owners, together with the Minister of State Nikos Pappas and the Representative of the Secretariat General of Information Eleytherios Kretzos.
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Loan scandal looms over Attica bank
Attica Bank was granting loans which, in their majority, became nonperforming ones (NPLs), despite instructions to the opposite effect by the Bank of Greece (BoG), at a time when its deposits were shrinking, according to an inspection conducted jointly by the BoG and the European Central Bank's Single Supervisory Mechanism.
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127,6 million Euros from Attica Bank to Kalogritsas
According to the findings from the monitoring conducted by the SSM and the BoG, loans at Attica Bank had been issued without any adherence to any banking criterion, like in the case of the businessman Yannis Kalogritsas.
ATHEX: Stocks edge lower on very thin turnover
After the excitement witnessed at the Greek bourse on Friday, Monday's trade in Athens returned to a level better suited to mid-August than the end of September, as early gains evaporated and the benchmark ended close to the day's low, while trading volume dropped back below 30 million euros. The association of bourse investors is even considering calling for a reduction in trading hours.
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The Attica’s Bank findings in the presecutor’s hands
The findings of the inspection of Attica Bank that the Bank of Greece conducted jointly with the European Central Bank’s Single Supervisory Mechanism will be submitted to the prosecuting authorities to establish the accountability of the lender’s former managers.
Mitsotakis: “We paid the price for lying”
His promise that Greece will regain its credibility among its lenders gave New Democract leader Kyriakos Mitsotakis in a press conference in Thessaloniki on Sunday, and reiterated his call for snap elections.
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