Eurobank Ergasias

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.

Competition watchdog confirms bank probe

Greece's competition watchdog confirmed on Friday that it had raided all the country's major banks a day earlier as part of an investigation into collaboration between lenders.
Inspectors raided the head offices of National, Piraeus, Alpha, Attica and Eurobank, along with the offices of the Greek bank association, bankers said on Thursday.

Probe launched into suspected bank cartel, as fresh raid carried out

Competition Commission officials launched extensive inspections without prior warning at the headquarters of the country's four systemic banks as well as the Hellenic Bank Association (EET) and DIAS Interbank Systems on Thursday, in a bid to probe possible cartel practices regarding customer charges.

ATHEX: Fresh climb for Greek bourse benchmark

Stocks in Athens resisted pressures and continued their upward trajectory on Monday, with banks getting the credit for grabbing investors' attention and leading the benchmark higher, although turnover remained below the 50-million-euro mark. Traders appear to be pricing in a likely Greek credit rating upgrade this Friday by Standard & Poor's.

Pages