Hellenic Banking

Latest News for: Hellenic banking

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Foreign investors keep upper hand at bourse

Kathimerini 13 Feb 2019

Foreign investors accounted for more than half of total trading activity on Greece’s stock market last year, executives at stock and futures operator Hellenic Exchanges said on Wednesday. Greek equities fell 23.6 percent in 2018, a tough year in which banks took a beating....

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Greek banks want details on bad loan securitization plans

Xinhua 08 Feb 2019

8 (Xinhua) -- Greek banks remain cautious about the two ... "We have not yet received the final drafts of the plans, and you know the devil is in the detail," stated Charoula Apalagaki, secretary general of the Hellenic Bank Association, at an event on NPL investment held in Athens....

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Agenda

Kathimerini 03 Feb 2019

Piraeus Bank to decide on the Kingsley Capital’s expression of interest in the acquisition of Hellenic Sugar Industry ... The American-Hellenic Chamber of Commerce organizes its annual Thessaloniki New Year’s Reception at the Met Hotel ... The Hellenic Statistical Authority ......

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Paralysis, indifference or acedia?

The National Herald 30 Jan 2019

Analysis. The issues gripping the Archdiocese are very serious because they delay the vital process of the renewal of the lay leadership and administration of the parishes ... Its office buildings in Manhattan that have been mortgaged for a bank loan of $7.5 million. Hellenic College and Holy Cross are withering day after day, and St ... ....

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Market confidence will be essential for Greece, say Fitch officials

Kathimerini 27 Jan 2019

The third area is banking sector developments ... We are aware of the plans that have been put forward by the Hellenic Financial Stability Fund and the Bank of Greece to accelerate the reduction of NPEs, but we don’t know exactly which plan will be adopted by the government ... What are the key challenges Greek banks are facing?....

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Judicial probe launched into reports on gov't aide

Kathimerini 25 Jan 2019

The allegations pertain to debts to the state-owned company run up by Hellenic Fertilizers (ELFE), in which Lavrentiadis – currently on trial for embezzlement over the failed Proton Bank – had an interest and now stands accused of complicity in bank fraud over the company's unpaid debts to Alpha Bank ... ....

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Prosecutor Probing SYRIZA Minister’s Aide Over Company Debt Write-off

The National Herald 25 Jan 2019

... of bank embezzlement. The allegations surround Lavrentis Lavrentiadis, who owns Hellenic Fertilizers (ELFE) and was released from jail 4 ½ years ago on grounds he didn’t feel well and as he was facing a trial that still hasn’t begun and as he is running his company....

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Businessman Lavrentiadis facing more fraud charges

Kathimerini 24 Jan 2019

Lavrentiadis, who is currently on trial in connection with the failed bank Proton, is being accused of complicity in a decision to transfer the activities of Hellenic Ferilizer (ELFE) to two ......

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Political storm, NPLs delay issue

Kathimerini 24 Jan 2019

The milestone that Finance Minister Euclid Tsakalotos has set for the process to start in the markets is the submission to the European Commission’s Directorate General for Competition (DG Comp) of the plan for the reduction of banks’ NPLs processed by the Hellenic ......

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All fronts open with creditors

Kathimerini 23 Jan 2019

Nonperforming loans have been a key theme during this assessment, with the creditors telling ministers on Tuesday that they are in favor of the simultaneous implementation of the Hellenic Financial Stability Fund’s and the Bank of Greece’s proposals for reducing the NPL backlog....

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Fitch: HFSF, BoG plans to help lenders

Kathimerini 22 Jan 2019

The Fitch analyst stated that the two plans on the table for the reduction of Greek lenders’ nonperforming exposures, by the Hellenic Financial Stability Fund and the Bank of Greece, could be the means to achieve major changes in the sector and could be ......

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Piraeus Bank Presents the Principles for Responsible Banking with Bank of Greece Governor

The National Herald 17 Jan 2019

Yannis Stournaras, the Governor of the Bank of Greece, as the keynote speaker ... The Chairman of Piraeus Bank, Mr ... The event was attended by representatives of the Hellenic Bank Association, other Greek banks, the Αcademia, research institutions, sustainability networks, business associations and international accounting firms....

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EU Finance Chief Says Greek Bad Loans Holding Back Recovery

The National Herald 17 Jan 2019

Stournaras, who spoke at the same time as Moscovici’s visit to Athens, told an audience at a Piraeus Bank event that the emphasis should be on the accelerated implementation of two plans to cut the bad loans, one by the Hellenic Financial Stability Fund and the finance ministry, ......