Alpha Bank

Greece's strained banks, undercut when a previous government imposed big losses on investors and bond holders, are rebounding thanks to a recapitalization program intended to prop them up and get lending going again, according to a review from one...

Greece's Alpha Bank says it has raised enough capital to avoid being nationalized, the first Greek bank to meet that target. The country's third-largest lender by assets said Monday that foreign investors contributed significantly to its rights issue and private...

Despite a law that says no private banker can be paid more than the head of the National Bank of Greece, eight executives at Alpha Bank, the country's third largest lender, were paid above the legal maximum permissible for...

Fitch Ratings has upgraded National Bank of Greece΄s, Piraeus Bank΄s, Alpha Bank΄s and Eurobank Ergasias΄ Long-Term Issuer Default Ratings to ΄B-΄ from ΄CCC΄, Short-term IDRs to ΄B΄ from ΄C΄ and Viability Ratings to ΄b-΄ from ΄f΄. The agency has also...

The National Bank of Greece (NBG) has approved has approved a recapitalization plan worth 9.76 billion euros ($12.8 billion), insisting it will raise enough money privately to avoid nationalization after Eurobank failed to do so. Greece's banks were brought...

Eurobank officials said the institution will need to put itself in the hands of the Greek state’s lender support fund, which will fully and immediately implement its recapitalization, and draft a strategy toward strengthening the lender via the acquisition...

With media speculation that the apparently abandoned proposed merger of National Bank of Greece and Eurobank could lead to the government going after bank deposits as Cyprus did, the head of the central bank, George Provopoulos, reiterated that all...

The announcement that the National Bank of Greece and Eurobank will stage their recapitalization has effectively frozen plans for them to merge as the government wanted, but which was opposed by the country's international lenders, the Troika of the...

With Greek banks still reeling from big losses imposed by the government in a desperate bid to write down its staggering $460 billion debt, shareholders at Eurobank have voted to accept a buyout offer from the National Bank of...

The greatest luxury Greek hotels have drawn the attention of investors both in Greece and abroad, especially from Germany and Turkey.  According to Euro2day, a strong Greek and foreign presence in on its way, aiming to purchase many hotels,...