Piraeus Bank
OpenCalais Metadata: Ticker
Gov’t to sell its Piraeus stake
Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF).
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ATHEX: Stocks ease but drop is moderated
Stocks took a dive at Athinon Avenue on Wednesday, though they had largely recovered by the close of trade.
Buyers appeared to skip most of that session, with interest focusing on the upcoming placement of the 27% stake the state still controls in Piraeus Bank, expected in the first week of March.
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Cyprus a key hub for ‘digital highway’
A crucial milestone is expected in March for the East to Med Data Corridor (EMC) telecommunications submarine cable system, an ambitious project aimed at creating an "international digital highway," where Cyprus, Greece and Saudi Arabia are key components.
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State set to fully divest from Piraeus Bank
The results announced by Piraeus Bank for 2023 and the publication of the business plan for the next three years, which provides for record profits of 1 billion euros per year for the period 2024-2026, are key arguments in favor of the full divestment of the state from the lender where bank bailout fund HFSF controls 27%.
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ATHEX: New 13-year high for the benchmark
The better-than-expected annual results of Coca-Cola HBC and the strong figures of Piraeus Bank gave strong momentum to Greek stocks on Wednesday, which combined with the positive mood across Europe led the ATHEX benchmark to a new 13-year high.
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Golden Visa threshold to soar
The government is about to increase the threshold for the Golden Visa program to 800,000 euros in some cases, while maintaining the lower limit of €250,000 euros in areas of less interest and activating financial tools for the utilization of vacant properties.
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Piraeus Bank expanding funding to agriculture
Piraeus Bank's new financing for the agricultural sector in 2024 will exceed the 400 million euros granted last year, according to its managing director, Christos Megalou, speaking at a dinner hosted by the bank for approximately 200 of its customers from northern Greece, after the opening of the 30th Agrotica fair.
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PPC signs agreement for Phoibi project
Public Power Corporation SA on Thursday announced the completion of the signing of the syndicated financing of Phoibi Energiaki Sole Shareholder SA, a subsidiary of PPC Renewables, within the framework of the National Recovery and Resilience Plan, Greece 2.0, with Eurobank acting as coordinator and Eurobank and Piraeus Bank as co-organizer.
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ATHEX: Piraeus Bank buoys stock market higher
Despite the attention the new 10-year bond issue garnered on Tuesday, the index and the trading volume rebounded at Athinon Avenue, driven by the growth of Piraeus Bank, which reached a new high. The momentum remains positive at the Greek bourse and, despite the temporary ups and downs, the underlying trend points to significant gains for the year that is now one month old.
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Fitch revises outlook for Greek banks to ‘positive’ from ‘stable’
Fitch Ratings revised the outlook on Greece's four systemic banks - Alpha Bank, Eurobank, National Bank and Piraeus Bank - to positive from stable on Thursday, following the investment grade it gave Greek bonds on December 1.