Greece
Greece
Hellenic Postbank Scandal will Cost Greek State About 500 mln Euros
The total losses suffered by the State from the TT Hellenic Postbank scandal in the period from 2006 to 2012, when its administration issued bad loans before its liquidation in 2013, is estimated at 500 million euros, according to...
Crime
Appeals Justices Order 35 to Stand Trial in Postbank Bad Loans Case
The Appeals Justices' Council ordered 35 people, on Tuesday, to stand trial for bad loans issued by TT Hellenic Postbank before its liquidation in 2013, including the bank's former head Angelos Filippidis.
In their indictment, the justices said that all...
Greece
Griveas-Vatsika Released On Bail for Hellenic Postbank Unsecured Loan Case
Kyriakos Griveas and his wife Anastasia Vatsika were released on conditions on Monday after testifying to the examining prosecutor for Corruption Giorgos Andreadis in relation to the Hellenic Postbank unsecured loans case.
Following a unanimous decision by the examining investigator and...
Crime
Greece Presses Postbank Prosecution
The Greek government said it continues to crack down on corruption by arresting financial officers, businessmen and their associates in the latest scandal involving a Greek bank that provided hundreds of millions of euros in unsecured loans.
The government arrested...
Crime
Hellenic Postbank Fugitives Caught in London
British authorities said that Kyriakos Griveas and his wife Anastasia Vatsika, who were subjects of a worldwide hunt and being sought with the help of Interpol as Greek officials said they had absconded with as much as 17 million...
Crime
Varotsis Released for Postbank Fraud
Hellenic Postbank (TT) executive, Marios Varotsis was the first to be released after submitting his written statement. He is among 30 defendants arrested so far in the case of bad loans.
Varotsis was released on condition that he post's bail...
Crime
Former Postbank CEO in Turkish Prison
Angelos Filippides, Greece's former CEO of Hellenic Postbank (TT) has been held in the Turkish prison of Maltepe since Saturday noon. He was arrested on Friday night in a hotel in Taksim Square, Istanbul, on an international warrant, in relation to...
Economy
Hellenic Postbank-Eurobank Deal Done
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...
Business
Eurobank Acquires Postbank Too
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...
Economy
Greece Will Sell Troubled Proton, Postbank
Two of Greece's shakiest banks, Hellenic Postbank and Proton, will have to be sold by mid-July as the country's largest banks continue gobbling up smaller institutions as part of plans to help the beleaguered economy begin to recover, envoys...
Economy
Four Banks Make Non-Binding Offers for Hellenic Postbank
Three of Greece's largests lenders and a smaller bank made non-binding offers to acquire the healthy assets of the country's state-controlled TT Hellenic Postbank SA (TT.AT), a banking official familiar with the process said, as regulators move to wind...
Economy
Facing Collapse, Greece's Postbank to be Privatized
Hellenic Postbank, a small state-controlled lender, is insolvent, Finance Minister Yiannis Stournaras said, and must be sold or transferred to private investors. It was a big lender to the government, which last year imposed 74 percent losses on investors,...
Crime
Greek Convicted Bomber Released from Jail
Jailed 25-year-old Nikos Romanos, in prison for attempted robbery and planting a bomb outside the house of a former minister, among others, was released on Wednesday on good behavior after serving six years in jail.
Romanos was convicted in 2013...
Business
Greece's Eurobank to Maintain Balkan Subsidiaries
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...
Economy
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 subsidiary, Postbank, will buy the Bulgarian branches of Alpha Bank's subsidiary, Alpha Bank Bulgaria.
Postbank will reportedly take...