Pimco
Türkiye on track for investment grade rating, says Pimco
Pimco has been wading into Türkiye's bond market, betting that President Recep Tayyip Erdoğan's commitment to a sweeping economic overhaul has set the country on a path to regaining its investment grade credit rating, the Financial Times has reported.
Eurobank Cyprus now controls 46.5% of Hellenic Bank
Eurobank Cyprus, the local subsidiary of the Eurobank Group with a presence in six countries, has acquired the 17% stake in Hellenic Bank held by Pimco to become the local lender's biggest shareholder, controlling 46.5% of its shares.
Alpha Bank in talks with Cerberus, PIMCO to sell $11 billion of bad loans, say sources
Greece's Alpha Bank is in talks with at least five US investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.
Pimco sees seven macro themes for global economy
Investment management giant Pimco identifies seven major macro themes for the global economy in 2020, and projects the slowdown in the eurozone to continue at the same time as Greece expects to start a period of robust growth. While the prospect of a global recession has eased for now, when it does come it may be more difficult to tackle, Pimco argues in a report shared with Kathimerini.
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Eurobank board to clear sale of FPS to Italy's doValue, banking sources say
The board of Greek lender Eurobank will meet on Thursday to approve a deal to sell a majority stake in the bank's loan servicing unit FPS to Italy's biggest loan recovery firm doValue, banking sources told Reuters.
The Italian firm has secured an 80 percent stake in Financial Planning Services (FPS), the sources said.
DoValue is strongest bidder for Eurobank FPS
Italy's biggest loan recovery firm doValue has emerged as the strongest bidder for Eurobank's loan servicing unit, sources familiar with the matter have told Reuters.
The deal is critical for the turnaround of Greece's third largest lender.
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ATHEX: Lamda and Coca-Cola boost bourse
Non-bank blue chips led Greek stocks in a moderate advanceon Wednesday, while banks swung both ways before settling for minor gains at the end of the session, with rising stocks outnumbering the losers.
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Eurobank decides PIMCO, doValue bids for FPS both acceptable, sources say
Eurobank's board concluded on Tuesday that competing offers by US funds group PIMCO and Italian bad loan specialist doValue for the Greek bank's loan-recovery unit FPS were both satisfactory, banking sources told Reuters.
Income properties attract attention of major foreign groups
Residential complexes, shopping centers and modern office buildings are currently the sectors that foreign and domestic groups are focusing on for new developments and investments in the Greek property market.
Eurobank struggles to flip loan-recovery unit to PIMCO, report says
Greece's Eurobank is struggling to finalize a deal to sell a majority stake in its loan-recovery business to US money manager PIMCO, sources familiar with the matter told Reuters, after a Sept. 30 deadline passed with no agreement.