Piraeus Bank
Piraeus Bank fined for past funding violations
The European Central Bank fined Piraeus Bank 5.15 million euros for breaching own fund provisions between 2015 and 2017 under its former management, it said on Tuesday.
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Piraeus Bank joins EIB’s green investment project
Piraeus Bank has agreed to support a new 650-million-euro infrastructure investment program developed by the Development and Investments Ministry and the European Investment Bank.
Projects will be able to apply for new financing under the initiative in the coming weeks.
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Citigroup affirms neutral stance on Greek banks
Citigroup has affirmed its neutral stance on the Greek credit sector after the publication of local banks' second-quarter financial results, thereby making no change to the target prices it had announced in its previous report in early August.
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Piraeus Bank grows Q2 profit as bad debt provisions fall
Piraeus Bank grew second quarter net profit as provisions for impaired loans decreased, Greece's largest lender by assets said on Friday.
Piraeus Bank, which is 26.2 percent owned by the country's HFSF bank rescue fund, reported a net profit from continued operations of 20 million euros ($22.29 million) after net earnings of 14 million in the first quarter.
Greek property market in scopes of Israeli investors
One of the world's biggest investors in the short-term leasing market recently acquired more than 115 properties in Greece, around 20 percent of which are located in Athens, with the others on the islands and in other cities.
Plan to sell up to 10 ports revived after years of delays
Greece's Asset Development Fund (HRADF), the subsidiary of the agency managing state properties whose role is to manage privatizations and find interested investors, is considering privatizing, or turning over the management of to private operators, 10 Greek ports.
A turbulent 20 years for Greek banks
The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).
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Moody’s sees positive outlook for Piraeus Bank
Moody's said on Tuesday that Piraeus Bank's outlook is positive, reflecting expectations of an improvement in the systemic lender's fundamentals in the next 12 to 18 months, after the completion of its restructuring plan.
In its update to investors, the agency gave Piraeus a Caa2 rating, which reflects the challenge the bank is facing in the reduction of its nonperforming exposures.
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Piraeus Bank considers Asian Pacific partner for shipping financing
Piraeus Bank is looking into a strategic partnership with a major Asian Pacific financial conglomerate that will help it provide financing to Greek shipping companies, Greece's largest lender by assets said on Friday.
Piraeus did not name the Asian partner, nor provide details of what form such a deal would take.
Demand for bonds a vote of confidence in Piraeus Bank, CEO tells Kathimerini
Change in sentiment toward Greek assets and sizable investor interest reminiscent of the pre-crisis era are the takeaways from our discussion with Christos Megalou, Piraeus Bank's chief executive officer. This comes in the aftermath of the bank's access to debt capital markets for a Tier II bond issuance and the numerous investor meetings Megalou hosted in London.