Agricultural Bank of Greece
Economy
State Minister Gives Justice List of Illegal Loans by Former Greek State Bank
State Minister Panagiotis Nikoloudis said he gave justice a list of 1,300 illegal loans given out by former state-owned Agricultural Bank of Greece (ATE).
Nikoloudis, who is in charge of fighting corruption, said that the loans given and never repaid...
Economy
Recapitalized Banks To Fire Workers, Close Branches
The first order of business for Greek banks who are getting 50 billion euros ($65.5 billion) in free money from the government in a recapitalization will be firing workers and closing branches.
It is estimated that in the first phase...
Europe
Agricultural Bank of Greece Sells Romanian Subsidiary
Agricultural Bank of Greece plans to sell off its 93.27 percent majority stake in its Romanian subsidiary, reads a statement released by the Greek bank. The International Finance Corporation – IFC – agreed to buy 9.27 percent in the...