Eurobank
ATHEX: Greek stocks head north
The drop in Greek bond yields and window dressing efforts in the approach to year-end contributed to a healthy rise in stock prices at Athinon Avenue on Wednesday, while two package transactions for Eurobank and Grivalia Properties sent trading volume soaring.
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Greeks save less than all of their EU peers
Greece has the lowest savings rate among the 28 European Union member-states, as households and corporations are struggling under the burden of salary reductions, excessive taxation and various other heavy financial demands.
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Titan to raise 250 mln euros from new issue to refinance debt
Greek cement maker Titan plans to raise 250 million euros ($290.05 million) from issuing new notes to refinance debt and pay back bank and other commercial loans, the company said on Monday.
Bulgaria's GDP to Grow by 3.8% in 2017, 3.5% in 2018 - Eurobank
Greece's Eurobank Ergasias said it expects the Bulgarian economy to expand by 3.8% in 2017 and to slow its growth to 3.5% in 2018.
Consumer price deflation of 0.8% in 2016 is expected to be followed by inflation of 1.6% in 2017 and 1.5% in 2018, the bank said in its Global Eeconomic and Market Outlook published on Wednesday.
Pillarstone to create a vehicle for properties from banks
Loan portfolio management firm Pillarstone will be creating a company within the next few months that will gradually concentrate commercial properties worth 1 billion euros in total.
Eurobank sells 1,5bn Euro bad loans to hedge fund for just 45 million Euros!
Eurobank, Greece’s third largest lender, said on Thursday it will sell a 1,5 billion Euro pool of non-performing loans to Swedish hedge fund Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators.
Greece's Eurobank to sell 1.5-bln-euro bad loans pool to Intrum
Eurobank, Greece's third largest lender, said on Thursday it will sell a 1.5-billion-euro pool of non-performing loans to Sweden's Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators.
Eurobank in talks with Banca Transilvania to sell Romanian business
Eurobank is in talks with Banca Transilvania to sell its subsidiaries in Romania as part of a restructuring plan agreed by Greece's third largest lender with European Union authorities.
The sale would close a decade-long chapter of ambitions by Eurobank and other Greek lenders to spread their wings abroad after the country's debt crisis forced them to retreat.
Lenders in good shape for NPL reduction
Greek banks managed to meet their targets for the reduction of nonperforming loans (NPLs) in the second quarter of the year, analysts note, stressing that this will continue to represent the biggest challenge for local lenders in the coming months too.
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Eurobank to retain strong international presence
By the end of the year Eurobank will have completed the sale of Postbank, its subsidiary in Romania, that will mark the end of the program for the restructuring of the group's activities abroad.
Eurobank intends to retain a strong presence in Bulgaria, Cyprus, Serbia and Luxembourg, with Cyprus and Bulgaria being at the forefront of its international operations.
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