Banking
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.
NBG boosts capital base by selling total stake in Finansbank
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.
NBG reports net losses of 401 mln in Q3, NPL formation accelerates in Greece
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 presents 2.12 bln equity raising plan to cover capital needs
Eurobank presented on Tuesday its recapitalisation plan to cover the capital needs that were announced by the ECB on Saturday.
National Bank reveals capital plan, which includes sale of whole Finansbank stake
National Bank (NBG) revealed on Tuesday its capital plan to address the shortfall that emerged from the comprehensive assessment conducted by the ECB's Single Supervisory Mechanism (SSM).