Greece

Greece’s third-largest lender Eurobank announced a deal on Sunday to buy Grivalia Properties in an effort to boost the bank’s capital and speed up the reduction of bad loans. The Athens News Agency says that the 780 million euro ($886...

Piraeus Bank, Greece's largest lender, announced on Wednesday that it has entered into an agreement with Eurobank Ergasias for the sale of its shareholding stake (99.98%) in its banking subsidiary in Bulgaria (PBB). The transaction, according to a press statement...

Reuters has reported that Eurobank will maintain its Balkan footprint in Bulgaria, Serbia and Cyprus after pulling out of Romania, its deputy CEO said on Tuesday, expecting the group's subsidiaries there to double their profitability over the next few...

Eurobank extended last year’s agreement with the European Investment Fund (EIF) to provide financing for small businesses, doubling the amount of available funding to 260 million euros, the Greek bank announced on Wednesday. Small businesses form the backbone of Greece’s...

On Tuesday, Reuters reported that the sale of Greece's Eurobank unit of the Ukrainian Universal Bank to Ukraine's financial group TAS has been completed. The transaction is reported to have completed on December 23 and was in line with Eurobank's...

The South East European Studies at Oxford (SEESOX)at St Antony's College at Oxford University, decided to establish a Hellenic Advisory Board appointing Nikolaos Karamouzis as chairman. The Hellenic Advisory Board is part of a new Research Program called "The Greek...

Eurobank, one of Greece's biggest banks, will take over the business of another major Greek bank, Alpha Bank, in the neighboring Balkan country of Bulgaria. Eurobank's subsidiary, Postbank, will buy the Bulgarian branches of Alpha Bank's subsidiary, Alpha Bank Bulgaria. Postbank will reportedly take...

Prem Watsa, chairman of Fairfax Financial Holdings, on Friday expressed his full confidence that Eurobank will become profitable in the long-term. Addressing a meeting with the bank’s top executives in Athens, Watsa said: “Our long-term goal is Eurobank to become...

Eurobank Properties R.E.I.C.  has announced its acquisition of 14 properties from the Hellenic Republic Asset Development Fund. The bank will lease the buildings, which include various ministries, back to the Hellenic Republic for 20 years, it said May 12. The...

Greece's fourth biggest lender Eurobank said on Good Friday that its 2.86 billion euros share issue will take place between Friday April 25th and Tuesday April 29th. The issue price per new share will be announced by Thursday April 24th by the bank's board of directors after they have determined...

Despite being largely recapitalized by the government, Greece's Eurobank said it needs another 2.86 billion euros ($4 billion) to bolster its reserves. Greek banks have already gotten 41 billion euros ($56.9 billion) from the state, and will need at least...

Greece 's Eurobank Ergasias SA, the country's fourth largest lender, reported a €913 million loss in the last quarter as it implemented a government-backed restructuring scheme. In a statement, the bank said it had taken €660 million in provisions for...

Yesterday, Eurobank the third-biggest lender to Greece announced that it will shed about a tenth of its workforce through voluntary redundancy. This measure is taken in order to make it fit for privatization. Eurobank is among the four Greek banks...

The deal to sell the troubled New Hellenic Postbank to Eurobank has been agreed upon. The Hellenic Financial Stability Fund (HFSF) said the procedure was finished on July 16 with the signing of a bonding agreement. The decision was taken...

The troubled private bank Eurobank is expected to take over the more troubled state financial institution Hellenic Postbank, the country's banking stabilization agency HFSF said. The new operation will be called New Postbank (NTT). The HFSF and Eurobank will cooperate...