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Photo via Deposits reach highest since May 2011 with 2.23 bln rise in Sep

The net private sector deposit movement in the Greek banking system was strong in September, with a 2.23-billion-euro inflow, after a marginal movement of 190 million euros in August, based on the latest Bank of Greece (BoG) figures released on Wednesday.

Photo by MacroPolis Alpha-UniCredit deal marks step change in developments for banking sector

The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s UniCredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.

Photo by MacroPolis S&P awards investment grade, bringing arduous cycle for economy to a close

S&P became on Friday the first of the three leading rating agencies that restored Greece to investment grade, bringing to a close an arduous period for the country that started at the end of 2009 and was sealed with the signature of the first adjustment programme with the eurozone and the IMF in May 2010.

Results 31 to 40 out of 4953.