Eurobank

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 the international downward trend caused by the Brexit. The Athens stock exchange, along with European...

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 was substantial, reaching almost 14 percent for Eurobank and Piraeus Bank. At 4:20 pm the general...

Athens’ Stock Exchange announced on Wednesday it will temporarily suspend trading of the stocks of three systemic banks – Alpha Bank, Eurobank and Piraeus Bank – from November 27, in order to complete the shares' reverse split. According to the...

"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 economic crisis. After 40 billion euros of deposit outflows and three weeks of closed doors and...

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...

As of Thursday, Greeks will be able to make deposits and payments in 289 branches of the National Bank of Greece (NBG) and 174 branches of Eurobank that will operate during the bank holiday. At the same time, they can deposit...

Canadian financier and Fairfax Financial Holdings Chief Executive Prem Watsa expressed his optimism for Greece on Monday, saying the climate in the country will be completely different next year. Watsa, whose company owns a 13.6% stake in the Greece's Eurobank, met...

Greek banks are considering offloading part of their shipping debt portfolios worth billions of dollars in a bid to shore up their capital, Reuters stressed citing banking and ship-financing sources. Earlier this week, Athens has secured a four-month extension of its...

Moody’s downgraded five Greek banks on Monday, citing heightened uncertainty regarding the new government's ability to reach an agreement with its creditors before the end of the current support program that expires at the end of February. The ratings agency said...

The new Greek government will not take any actions to hurt the share values of banks and will not appoint party members at key management positions, the government's spokesperson said on Monday. "We will not do anything that would hurt...