Banking
Piraeus first Greek bank to repay Pillar II bonds, others to follow
Piraeus Bank said on Thursday that its remaining Pillar II bonds will be redeemed on Friday, which will make it the first Greek bank with zero reliance on any of the three pillars of the capital and liquidity support programme (Law 3723/2008) that was initiated in 2008.
Piraeus Port Authority announces profit increase for 2015
The Piraeus Port Authority (PPA) has released its annual financial statement for 2015, showing post-tax profits of 23.8 percent.
NBG records loss of 2.05 bln in Q4 on one-offs and jump in credit risk provisions
NBG concluded on Tuesday the release of Greek core banks’ fourth quarter (Q4) results, posting net losses of 2.05 billion euros from 401 million in Q3.
Piraeus posts 1.24 bln loss in Q4 on jump in loan provisions
Piraeus became on Wednesday the third Greek bank to report a net loss in Q4 of 2015 after declaring a profit in Q3.
Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016
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 reports loss in Q4 and for 2015, management expects bank to turn profitable in 2016
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.
HFSF Q3 report shows 23 bln valuation losses in Greek banks
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.
Cosco's 369 mln Piraeus Port improved bid accepted, seals latest privatisation
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 sells insurance arm to Fairfax for 316 mln
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.
Piraeus port privatisation moves a step closer
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.