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Eurobank Extends Deal with EIF, Doubles Funds for Small Businesses

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...

Sale of Eurobank’s Ukrainian Unit Completed

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...

4.5 Bln Euro Deposited in Greek Banks in Two Months

Deposit inflows to Greek banks reached 4.5 billion euros over the last two months, namely after May 24 – the date of the Eurogroup...

Eurobank Board Chairman Appointed Head of ‘Hellenic Advisory Board’

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...

Athens Stock Exchange Plunges 15% After Brexit Announcement

The Athens stock exchange plunged 15% after the announcement of the British referendum results in favor of the Brexit on Friday morning. Greece's bourse followed...

Athens Stock Exchange Takes 5% Plunge

The Athens Stock Exchange took a 5 percent plunge on Wednesday closing at 531 points, generating turmoil among foreign investors. The dip in bank shares...

Athens’ Stock Exchange Temporarily Suspends Trading for 3 Greek Banks

Athens’ Stock Exchange announced on Wednesday it will temporarily suspend trading of the stocks of three systemic banks – Alpha Bank, Eurobank and Piraeus...

Red Loans Pose Threat to Greek Banks Restart

"Bad loans haunt Greek Banks Seeking New Start" is the title of a Reuters report regarding the plight of the banking sector in Greece's...

Eurobank to Take Over Alpha Bank Branches in Bulgaria

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...

2 Greek Banks to Accept Deposits as of Thursday

As of Thursday, Greeks will be able to make deposits and payments in 289 branches of the National Bank of Greece (NBG) and 174...

Canadian Financier Watsa: ‘I’m Optimistic About Greece’

Canadian financier and Fairfax Financial Holdings Chief Executive Prem Watsa expressed his optimism for Greece on Monday, saying the climate in the country will...

Reuters: Greek Banks Offloading Shipping Debt to Shore Up Capital

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters...

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