Banking
Alpha Bank reports net losses of 16.8 mln in Q2
Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.
Piraeus Bank’s bottom line turns profitable with 20 mln net profits in Q2
Piraeus Bank turned net losses of 37 million euros in the first quarter (Q1) of 2016 to profits of 20 million in Q2, which include a one-off trading gain of 77 million from the acquisition of Visa Europe from Visa Inc.
HFSF General Council appoints interim CEO and Deputy CEO
The Hellenic Financial Stability Fund’s (HFSF) General Council, which convened on Tuesday, appointed Christoforos Stratos and Michael Haralabidis as Executive Board CEO and Deputy CEO respectively for an interim period until the selection of the new board members.
NBG raises 300 mln from SME loan securitisation in first such Greek transaction since 2007
National Bank (NBG) said on Monday it completed a securitisation of SME loans, the first such transaction by a Greek bank since 2007.
HFSF sees market value of bank holdings plunge to 2.4 bln after closure, capital controls
The Hellenic Financial Stability Fund’s (HFSF) equity plummeted to 8.84 billion euros at the end of 2015 from 24.51 billion a year ago, according to its annual report, which was published on Friday.
Bank of Greece report overviews lenders' profitability, urges drastic NPL management
The Bank of Greece (BoG) published on Tuesday an overview of the Greek financial sector, providing an update on the key developments and data over the past five years regarding banks’ profitability, loan quality and cards’ transactions.
Sallas exit from Piraeus marks end of era in Greek banking sector
Michalis Sallas, the non-executive chairman of Piraeus Bank, resigned during a Board of Directors (BoD) meeting on Wednesday afternoon, marking the end of an era in the Greek banking sector.
HFSF executive board members resign
The Hellenic Financial Stability Fund (HFSF) said on Wednesday that all three of its executive board members - Aris Xenofos, CEO, George Koutsos, Deputy CEO and Anastasios Gagales, member - have resigned.
ECB reinstates waiver in first step towards improving liquidity conditions for Greek banks
As expected, the European Central Bank’s governing council decided on Wednesday evening to reinstate the waiver on Greek government securities, which was lifted on February 4, 2015.
NBG completes sale of Finansbank to Qatar National Bank
NBG announced on Wednesday afternoon the transfer of its 99.81 percent stake in the Turkish Finansbank to Qatar National Bank (QNB).