Piraeus Bank
ATHEX: Piraeus Bank buoys stock market higher
Despite the attention the new 10-year bond issue garnered on Tuesday, the index and the trading volume rebounded at Athinon Avenue, driven by the growth of Piraeus Bank, which reached a new high. The momentum remains positive at the Greek bourse and, despite the temporary ups and downs, the underlying trend points to significant gains for the year that is now one month old.
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Gov’t to divest from Piraeus, NBG
Within the first half of 2024, the government aspires to proceed with its divestment from the two systemic banks, National and Piraeus, in which it maintains a stake, with Piraeus taking the lead immediately after the announcement of its annual results on February 24.
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Fitch revises outlook for Greek banks to ‘positive’ from ‘stable’
Fitch Ratings revised the outlook on Greece's four systemic banks - Alpha Bank, Eurobank, National Bank and Piraeus Bank - to positive from stable on Thursday, following the investment grade it gave Greek bonds on December 1.
Greece starts process to sell 20% stake in National Bank
Greece on Monday announced plans to sell a 20% stake in the National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders.
ATHEX: Another day with stocks in dead heat
Wednesday's session at the Greek stock market was a mirror image of the day before, as the main index again posted small losses, while mid-caps outperformed and winning stocks were level with those that declined for a second day in a row.
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Profits increase for Greek banks Alpha and Piraeus
Alpha Bank and Piraeus Bank on Friday reported a jump in profits for the first nine months of 2023, as higher rates boosted net interest income and bad loans declined.
Alpha Bank, Greece's fourth-largest lender by market value, reported net earnings of 491 million euros, up 59% from the first nine months of 2022.
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ATHEX: Bright end to a week of gloom
The benchmark of the Greek stock market staged an impressive rebound late in Friday's session to come back from 1% down and close with gains of almost 1%. Banks led the way for the recovery of the index, though that was not enough to offset all its weekly losses.
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HFSF divestment from Eurobank is put off
The divestment of the Hellenic Financial Stability Fund from Eurobank has been postponed by a few days following the acquisition of Hellenic Bank, in an attempt to value the bank based on the new financial data.
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Wargaming confirms decision to sell Hellenic Bank stake
Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.
The deal is valued at 65.9 million euros, equivalent to €2.35 per share.
Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.
Wargaming to sell 6.8% stake in Hellenic Bank to Eurobank
Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.
The deal is valued at €65.9 million, equivalent to €2.35 per share.
Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.