Eurobank

Hercules program is heading for expansion

The issues of the Hellenic Financial Stability Fund's divestment from Greek banks and the expansion of the Hercules program were at the center of the meeting held this week by Minister of National Economy Kostis Hatzidakis with the Hellenic Bank Association.

The new Hercules program will include three pending securitizations amounting to 3 billion euros.

HFSF to concede stakes in banks, starting with Eurobank

The disinvestment program of the state from its holdings in banks will be fully implemented from this fall, starting with Eurobank and the allocation of its 1.4% stake.

Up next will be National Bank, in which the Hellenic Financial Stability Fund (HFSF) has the largest stake, amounting to 40.39%.

ATHEX: Index rises for a sixth day in a row

The strong start to Monday's session at the Greek bourse gave way to some profit-taking initiatives in the afternoon that erased almost all of the benchmark's gains. The main index closed on the day's low, but that humble growth sufficed for yet another nine-year high. This was the sixth consecutive session of gains for the benchmark.

ATHEX: Banks boost index helped by mid-caps

Unfazed by news of a German recession and a US credit default threat, the Greek stock market reverted to its upward trajectory on remarkable trading volume on Thursday, recapturing the 1,200-point level, with the help of growth in bank stocks. The universally positive first-quarter results of listed companies also contributed to the price growth.

The unlikely estate agents

Banks have entered the market for selling or even renting real estate, disposing of real estate they already own. This disposal is done through websites they have created and on which they upload privately owned properties acquired through auctions, or display properties that are going to be auctioned at the initiative of the bank.

ATHEX: Late rally by banks boosts benchmark

The banking sector shook off foreign and domestic concerns - related to the decline of US lender First Republic and the promise by main opposition leader Alexis Tsipras to nationalize National Bank of Greece if he comes to power - and swung to gains at the end of Wednesday's bourse session, leaving the benchmark with moderate gains.

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