Christos Megalou
Piraeus Bank finally appoints new CEO
Former Eurobank chief executive officer Christos Megalou is the new head of Piraeus Bank, completing the administrative changes in the group after more than a year.
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Eurobank to double financing next year
By Yiannis Papadoyiannis
Eurobank Chief Executive Officer Christos Megalou announced on Wednesday that the lender would double financing to enterprises and households next year to 2 billion euros. He explained that after a long period of major challenges for the local credit system, banks can now focus on their main task, funding the economy.
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All four core lenders have now issued bonds
By Evgenia Tzortzi
Eurobanks 500-million-euro four-year bond issued on Thursday was more than twice oversubscribed as orders totaled 1.1 billion euros at an interest rate of 4.25 percent. This completes the set of all four Greek systemic banks to have successfully issued bonds as the Greek economy reverts to normality.
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Eurobank eyes top Core Tier 1 level in Greece
Eurobank chief executive Christos Megalou expressed certainty on Thursday that the lenders share capital increase will be successfully completed very soon.
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