Eurobank

ATHEX: Benchmark declines to two-month low

Greek stocks suffered heavy losses at the end of the week as they were affected by the very negative climate abroad regarding the impact of the coronavirus epidemic on the economy as well as the growing tension in northern Syria. This has taken the main index at Athinon Avenue below the 900-point mark, to a two-month low.

doValue CEO: Investing in Greece a strategic decision

The acquisition of FPS by Italian group doValue will serve as a springboard for the latter's expansion in the wider Southeastern Europe region according to its CEO Andrea Mangoni.

In an interview with Kathimerini, Mangoni says that the Italian group's aim is to become the leading servicer of nonperforming exposures in Greece ahead of the emergence of the secondary NPE market.

ATHEX: Bank packages send main index 1.1 pct lower

Trading at the Greek bourse was dominated on Wednesday by the large packages of Eurobank and National Bank stocks that changed hands. The decline in their prices inflicted losses on the benchmark at Athinon Avenue, while pressure from developments in the Middle East appeared to ease over the course of the day.

Eurobank seals FPS sale to doValue

Eurobank subsidiary FPS is set to evolve into one of the biggest companies in its domain in Greece - with a role in the broader market of Southeastern Europe too - now that Italy's doValue, a member of the Fortress Group, has secured an 80 percent stake in the bad-loan management firm.

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.

Eurobank sellsproperty portfolios

Eurobank said on Thursday it was selling two real estate portfolios worth a combined 84 million euros to Brook Lane Capital and plans to put a third portfolio up for sale.
Eurobank, which is 2.4 percent owned by Greece's HFSF bank rescue fund after being bailed out during the country's debt crisis, repossessed most of the properties, residential and commercial, after loan defaults.

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