Eurobank

Equity prices were falling on Monday on the Athens Stock Exchange (ASE), with the basic share price index down 7.16%, standing at 467 points at 14:40pm.

Prime Minister Alexis Tsipras on Friday received a group of foreign investors at Maximos Mansion, while the discussion focused on the first review of the economic adjustment program and government’s strategy on development.

Greece's finance ministry on Dec. 8 said it had lifted capital controls imposed in June on its stock market, but kept in place a short selling ban on the shares of its top banks.

The Commission concluded that the measures already implemented as part of the bank’s existing restructuring plan of July 2014, in addition to those envisaged in the amended plan, will enable National Bank of Greece to ensure lending to the Greek economy in line with EU state aid rules, in particular the “2013 Banking Communication”, and the Bank Recovery and Resolution Directive.

A double cyber attack on Greek banks has been taking place with precision over four days. A group of hackers has launched therats against the e-banking systems of three Greek banks seeking a ransom in bitcoin. Meanwhile, there are leaks of Greek debit and credit card data that  have been used for transactions with the United States in recent days.

The Commission concluded that the measures already implemented as part of the bank’s existing restructuring plan of July 2014, in addition to those envisaged in the amended plan, will enable Piraeus Bank to ensure lending to the Greek economy in line with EU state aid rules, in particular the 2013 Banking Communication, and the Bank Recovery and Resolution Directive.

The European Bank for Reconstruction and Development (EBRD) has appointed Hüseyin Özhan head of its office in Ankara, the capital of Turkey, said the bank in a written statement on Nov. 16. 

Özhan, a senior banker previously in charge of the EBRD's investments in the transport sector in Turkey, is taking up his new post on Nov. 16. 

Bulgaria's Postbank, a subsidiary of Greece's Eurobank Ergasias, has wrapped up the acquisition of the operations of the Bulgarian branch network of Alpha Bank, another Greek lender.

Four major Greek banks must find up to 14.4 billion euros ($15.8 billion) to survive potential economic shocks, the European Central Bank said on Oct. 31, releasing the results of an in-depth financial health check.

The Frankfurt-based European Central Bank announced the results of the Greek bank stress tests. The capital needs of the country’s four main banks were calculated to be at 14.4 bln euros:

– Eurobank 2.12 bln euros

– Alpha Bank 2.74 bln euros

– National Bank of Greece 4.6 bln euros

– Bank of Piraeus 4.93 bln euros