EFG Eurobank
Stournaras officially appointed Bank of Greece governor [Update]
Yannis Stournaras, Greeces former finance minister, has been officially appointed governor of the Bank of Greece, replacing George Provopoulos.
As Finance Minister you execute government policy. The governor of the Bank of Greece has very different obligations. Both seek to safeguard the public interest. And currency stability is in the public interest, Stournaras said.
Fitch upgrades three Greek banks' state-guaranteed debt to 'B'
Fitch Ratings has upgraded the state-guaranteed long-term senior debt rating of National Bank of Greece (NBG, B-/Stable), Alpha Bank (Alpha, B-/Stable) and Eurobank Ergasias (Eurobank, B-/Stable) to 'B' from 'B-'.
The rating actions follow the upgrade of Greece's sovereign Long-Term foreign currency Issuer Default Rating (IDR). [Reuters]
Bulgaria's Postbank Has New Owners
The Greek Euroboank, which owns 100% of Bulgaria's Postbank, has new majority owners, said the bank in a press release.
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Banks’ share increases spare them from Eurolife, Ethniki sale
By Evgenia Tzortzi
The successful share capital increase of Eurobank and the forthcoming one of National are changing the lenders plans for the sale of EFG Eurolife and Ethniki Insurance respectively.