Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.
Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4) of 2015 from profit of 413.6 million in Q3.
Eurobank kicked off the fourth-quarter (Q4) reporting season of Greek banks posting net loss of 175.3 million euros from a profit of 405.6 in Q3.
The Hellenic Financial Stability Fund (HFSF) 9-month financial statements revealed that the fund’s equity nosedived to 4.69 billion euros at the end of September from 24.51 billion at the end of 2014.
Hellenic Republic Asset Development Fund said on Wednesday afternoon it accepted COSCO’s improved financial offer for the sale of 67 percent stake in Piraeus Port Authority (OLP).
Eurobank announced on Tuesday that it has reached an agreement with its shareholder Fairfax for the sale of an 80 percent stake in the bank’s insurance subsidiary Eurolife.
The deadline for the submission of binding bids for the acquisition of a 67 percent stake in Piraeus Port (OLP) expired on Monday, with the Hellenic Republic Asset Development Fund (HRADF) noting that announcements will be made on January 12 after the opening of financial offers.
National Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
National Bank (NBG) released its third-quarter (Q3) financial results on Monday, which showed net losses eased to 401 million euros from 1.61 billion in Q2.
Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were announced by the ECB on Saturday.