Hellenic Financial Stability Fund
Panayiotis Thomopoulos elected new National Bank of Greece chairman
Panayiotis Thomopoulos, former deputy governor of the Bank of Greece and former chairman of the Hellenic Financial Stability Fund, was elected chairman of the National Bank of Greece by the lender's board on Thursday.
Thomopoulos is replacing chairwoman Louka Katseli.
Banks propose electronic foreclosures
Banks are proposing that foreclosures should be done electronically in a bid to overcome the resistance put up by a growing movement blocking repossessions at courts around the country.
If adopted, the idea would mean that the physical presence of notaries - one of the main targets of protesters - would not be required.
- Read more about Banks propose electronic foreclosures
- Log in to post comments
Bank of Greece Governor blasts ex-Finance Minister Varoufakis before parliamentary committee
The Governor of the Bank of Greece (BoG), Yiannis Stornaras testified before the parliamentary enquiry committee examining the loans to Greek media, Tuesday, causing former Finance Minister Yianis Varoufakis for the harm caused on the Greek economy due to the capital controls imposed in the summer of 2015.
Bank executive appointments taking far longer than expected
The completion of management changes in Greek banks - a critical issue that was supposed to have closed weeks ago - remains open and it appears that it will take several more weeks before new administrations are appointed.
Mix of French, Italian, Spanish models for tackling bad loans
Bank bailout fund HFSF is proposing a mix of "Mediterranean" methods for the streamlining of overindebted enterprises, with compulsory debt/equity swaps and the expulsion of shareholders, in order to tackle the mounting problem of nonperforming loans, which come to about 100 billion euros.
HFSF picks firm to review Greek bank boards
Greece's bank bailout fund has picked consulting firm Spencer Stuart to undertake a review of the boards of the country's four big banks, part of a drive to crack down on how members are chosen, it said on Thursday.
- Read more about HFSF picks firm to review Greek bank boards
- Log in to post comments
Qatar National Bank to buy Turkey's Finansbank for $2.95 bln
Qatar National Bank (QNB), the Gulf Arab region's largest bank, has agreed to buy Turkey's Finansbank from the National Bank of Greece (NBG) for 2.7 billion euros ($2.95 billion), as it steps up its search for larger markets overseas. With the latest acquisition, Qatari companies have strengthened their hands in the Turkish market.
Qatar's QNB buys Turkey's Finansbank for 2.7 bln euros
Qatar National Bank SAQ , the Gulf Arab region's largest bank, reached an agreement with National Bank of Greece to acquire the latter's entire 99.81 percent stake in Turkey's Finansbank for 2.7 billion euros ($2.95 billion), the two banks said on Dec. 22.
State aid: EC approves aid for National Bank of Greece on the basis of an amended restructuring plan
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.
State aid: Commission approves aid for Piraeus Bank on the basis of an amended restructuring plan
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.