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PM seeks to douse snap election talk, points to October polls
PoliticsGreek PoliticsAmid growing speculation that Alexis Tsipras is thinking of rejecting the option of holding snap... reports suggesting that Tsipras is leaning towards holding out until October for general elections... but some commentators have suggested that this would also facilitate the holding of national
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Greek banks eye positive market appetite for bad loan sales
EconomyBankinga holding company. In Piraeus Bank’s preliminary summary ahead of their full 2019 results, the bank... as forthcoming legislative reforms. Alpha Alpha Bank is also holding roadshows in Paris and London this week... will be transformed into a holding company with a transformation date of June 30, 2019. The results
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The refugee crisis and the beast within
Agorain order to allow its mother some time to rest. “Our mothers came here as refugees from Turkey, just...As symbols go, the imaginary pig’s head in William Golding’s Lord of the Flies requires little explanation. Its meaning is summed up in one line of the unnerving classic. “Fancy thinking the beast
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Newsletter 356 - 21/10/2022
holding in the four systemic banks, the stake in Alpha Bank is 9 pct and Eurobank at 1.40 pct. The HFSF also has a holding of just short of 63 pct in Attica Bank. According to the latest data from... share, a premium from the 1.2 euros closing yesterday. The current holdings HFSF has in the Greek
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EU's temporary framework for state aid in response to Covid-19 outbreak
Legallow premiums. In order to benefit from the framework, the guarantee must not exceed 90% (where losses... in order to curb harmful coronavirus crisis implications in society, limit the losses of jobs and incomes... and in order to ensure liquidity, the Greek State enables the affected companies to benefit from
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Under-fire PM pledges civil defence improvements following summer of destruction
PoliticsGreek Politicseuro per night to 6 euros, in order to raise some 300 million euros that would be set aside to boost... their expenses on the MyData platform in order for them to be eligible for tax calculations. The only... to be strong, allowing the measure to be brought in ahead of schedule. Law and order Mitsotakis also
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Greek banks conclude series of corporate actions as part of restructuring
EconomyBankingHoldings, a company owned by Tourism Enterprises of Messinia (controlled by the Konstantakopoulos family) and D-Marine Investment Holding. The latter is based in Amsterdam and operates as a subsidiary... Bank Cyprus (PBC), to Holding M. Sehnaoui for a consideration of 3.2 million. The transaction
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Newsletter 395 - 29/09/2023
participation to almost full ownership at 98.6 pct holding. As HFSF opted to sit out the subsequent capital increases, its share was substantially diluted, essentially losing its entire holding... in the share capital of Eurobank, setting in motion its plan to dispose of its holdings in the four
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State braces for losses as bank divestment plan is put into action
EconomyBankingof state capital, which pushed up state participation to almost full ownership at 98.6 pct holding. As HFSF... losing its entire holding in Eurobank, and its stake fell from 95.23 pct in the end of 2013... of its holdings in the four systemic banks, bringing to a close a long period of state involvement
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Positive sentiment around banks continues to grow
EconomyBanking. The largest holding amongst the four systemic banks is with NBG at 40.39 pct and it is expected... pct and Alpha Bank with a 9 pct holding. Market participants argue that despite the positive... its intention to proceed as planned with the divestment of the Greek state holdings, via HFSF
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