Hellenic Banking

Latest News for: Hellenic banking

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Astir Palace Vouliagmeni: A star is reborn

Kathimerini 21 Mar 2019

Five years after the announcement of the tender for the sale of the Astir by National Bank of Greece and the Hellenic Republic Asset Development Fund (TAIPED), the renovation of the facilities has been largely completed and travelers can choose between three super-luxurious settings....

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Fitch Upgrades Hellenic Bank to 'B+'; Outlook Stable

Public Technologies 21 Mar 2019

Fitch Ratings has upgraded Hellenic Bank Public Company Limited's (HB) Long-Term Issuer Default Rating (IDR) to 'B+' from 'B' and Viability Rating (VR) to 'b+' from 'b' ... The upgrade follows the completion of the acquisition of certain good assets and liabilities of Cyprus Cooperative Bank Ltd (CCB) and a EUR150 million capital increase....

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Cypriot finance minister to step down at end of year,"but not because of criticism"

Xinhua 15 Mar 2019

The investigation panel said he was to blame for the compulsory sale of Cyprus Cooperative Bank (Co-op Bank) to Hellenic Bank in August, 2018, because he had appointed an incompetent CEO to lead the bank after the nationalized lender was further recapitalized....

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High court reverses African Global Operation liquidation

Business Day 14 Mar 2019

In its urgent application, which was heard on Wednesday, African Global Holdings sought a court order declaring that the special resolution taken by the directors was void from the beginning and of no force or effect. African Global Holdings advocate Mike Hellens SC argued that the special resolution was not properly passed....

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Anastasiades Won’t Fire FinMin Over Cyprus Co-Op Bank Collapse

The National Herald 12 Mar 2019

The Central Bank of Cyprus (CBC) closed the Cyprus Cooperative Bank, the troubled state-owned lender, bringing to an end a banking history of 97 year with customers being told their accounts were being transferred to Hellenic Bank, which bought off a share. It was another bank failure after the Laiki Bank closed in 2013 during a crisis which led....

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Expecting Back Pension, Wage Returns, Tsipras Eyes Offsetting Measures

The National Herald 12 Mar 2019

The payment would still be calculated in the official figures of the Hellenic Statistical Authority (ELSTAT) technically speaking, the paper said, along with recapitalization of banks that could get another bailout ... ....

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Different tricks planned for each verdict on retroactive bonuses

Kathimerini 12 Mar 2019

The payment would still be calculated in the official figures of the Hellenic Statistical Authority (ELSTAT). This was also the solution given in the case of expenditure for the recapitalization of the banks and for the migration crisis ... ....

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James McAvoy Auctions Off Autographed Oscar Shirt to Raise Funds for Children's Charity

The Hollywood Reporter 09 Mar 2019

The white dress shirt — signed by stars like Brie Larson, Michael B ... Jackson, Michael B. Jordan, Amanda Peet, Melissa McCarthy, Sophie Turner, Joe Jonas, Nicholas Hoult, Karamo Brown, Taylor Swift, Rumer Willis, Rashida Jones, Maya Rudolph, Sam Rockwell, Hellen Mirren, Elizabeth Banks, Kerry Washington, Zoe Kravitz, Jason Momoa and Michelle Yeoh ... ....

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Meet the Greeks, Greek-Americans in Forbes 2019 World’s Billionaires List

The National Herald 09 Mar 2019

The family still has a foot in the shipping business through Latsco Shipping, though they’re now also invested in banking, real estate and oil. The Latsis family owns stakes in oil company Hellenic Petroleum and Lamda Development, a publicly traded real estate developer in southeastern Europe....

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Inquiry Faults Execs, Minister for Cypriot Bank’s Demise

The National Herald 07 Mar 2019

NICOSIA (AP) — An inquiry into the demise of Cyprus’ Co-operative bank on Wednesday faulted senior executives for bad judgment, inaction and ineptitude in dealing with a mountain of bad loans, while blaming the finance minister for failing to take corrective actions ... Cyprus-based Hellenic Bank bought out the lender last year....

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Cypriot president stands by beleaguered finance minister

Xinhua 07 Mar 2019

He also listed in favor of Georgiades the fact that EU institutions welcomed the sale of CCB to Hellenic Bank, as well as by international credit rating agencies, which upgraded Cyprus's ratings to investment grade as a direct result of the sale of the Cooperative Bank ... The Cooperative Bank was a social institution rather than a commercial lender....

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Inquiry faults execs, minister for Cypriot bank's demise

Del Rio News-Herald 06 Mar 2019

Cyprus-based Hellenic Bank bought out the lender last year. The inquiry said bad management had plagued the bank from its beginnings....

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Panel report blames Cyprus FinMin for bank collapse

Xinhua 06 Mar 2019

... behind the collapse of a bank last year in a panel report released on Wednesday ... The CCB, which was made up of hundreds of village cooperative credit societies set up gradually since the first one came into being in 1904, was sold to Hellenic Bank and ceased to exist on Aug....