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.

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.

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.

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