Postbank
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...
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...
Cyprus
Stournaras: Greek Lender Starts Acquiring Local Cypriot Operations
Greece's Finance Ministry said Friday that a Greek bank will immediately start acquiring the local operations of Cypriot banks in close cooperation with the island's central bank.
"With this development, Greece is shielded (from the Cyprus crisis) as the total...
Cyprus
Cyprus Delays Vote On Savings Raid Bailout
Cyprus's Parliament has postponed its decision on whether it will go along with a tax of up to 9.9 percent on the savings of bank account holders as demanded by international lenders in return for a 10 billion euros...
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
Tsipras Says Samaras Ducking Parliament's Questions
As Greek Prime Minister Antonis Samaras struggles to get his coalition partners to back $14.6 billion in new cuts, main opposition leader Alexis Tsipras of the Coalition of the Radical Left (SYRIZA) has accused the Premier of being afraid...
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,...