Banking
HFSF 2013 annual report unveils accumulated losses of 15.1 bln and potential recovery value of 34.4 bln
The Hellenic Financial Stability Fund (HFSF) issued its 2013 annual report, which revealed some important financial information related to the Fund’s activities throughout last year.
Alpha Bank acquires Citigroup's retail banking unit in Greece
Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
Piraeus Bank reports loss of 247 mln for Q1
Piraeus Bank concluded the first quarter (Q1) reporting season for Greek banks by posting a net loss of 247 million from 700 million in Q4.
Alpha Bank posts loss of 94.1 mln in Q1
Alpha Bank, the third largest Greek bank by total assets, posted a Q1 net loss of 94.1 million euros from profit of 230.4 million last year.
National Bank starts 2014 posting net profit of 181 mln in Q1
National Bank was the second Greek bank after Eurobank, which published Q1 results on May 28. Net profit landed at 181 million from 27 million last year mainly reflecting soaring pre-provision income (up 25 percent) and receding impairment losses (down 15 percent).
Eurobank records net loss of 207.4 mln in Q1
Eurobank kicked off Greek banks’ Q1 results releases posting a net loss of 207.4 million euros in Q1 2014 from 913.1 in Q4 2013.
Piraeus snaps up share in MIG to complete series of corporate moves
Piraeus Bank announced on May 14 its third major corporate development in the last two months, following the successful completion of a 1.75-billion- euro capital increase in late March and a senior unsecured bond issue of 500 million in mid-March.
National Bank follows other Greek lenders' by opting for capital increase
As had been rumoured, National Bank of Greece’s board (NBG) decided on April 16 to call an Extraordinary General Meeting for May 10 to approve a capital increase of up to 2.5 billion euros.
Eurobank gears up for crucial but contentious capital increase
Eurobank, Greece’s fourth largest lender, is preparing to carry out before the end of this month a share capital increase that will ensure its capital adequacy but which has many opponents due to the controversial nature of the method that has been chosen.
Bank framework paves way for Eurobank capital increase, gives HFSF flexibility
Alpha and Piraeus banks successfully completed at the beginning of the week their capital increases of 1.2 and 1.75 billion respectively via private placements conducted through book-building processes with foreign investors.