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Alpha Bank buoyed by 800-mln-euro share capital raise
EconomyBankingAlpha Bank announced on Friday the successful completion of its 800-million-euro share capital raise, following a three-day book building process, with the price set at 1 euro per share.
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Govt calls on local businesses and banks to free up capital for investment
PoliticsGreek PoliticsPrime Minister Kyriakos Mitsotakis has called on Greece’s entrepreneurs to invest in the country as his government seeks a decisive shift away from the travails of the pandemic, which look like they may linger for a little while longer at least.
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BoG sees growth of 4.2 pct this year but warns of multiple challenges ahead
EconomyThe Bank of Greece issued on Monday the Monetary Policy Report for 2020-2021, which was submitted to the Parliamentary Speaker and the Cabinet.
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Post-Covid era dawns on new landscape for bad debt in Greece
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EconomyFeaturesAt the peak of the Greek financial crisis, Greek banks had accumulated over 100 billion euros of bad loans. At the time, almost half of their outstanding loan amounts fell into this category, with borrowers falling behind on their repayments or deemed as being unlikely to pay.
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Piraeus and Alpha forge ahead with share capital raises and securitisations
EconomyBankingActivity in Greece’s banking sector continues unabated as Greek systemic lenders proceed with their plans to improve their balance sheets and leave behind the legacy of the decade-long debt crisis.
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NBG posts 557 mln profit in Q1
EconomyBankingNational Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
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Eurobank posts Q1 net profit of 70 mln
EconomyBankingEurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.
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Piraeus announces Q1 loss of 407 mln as provisions mount
EconomyBankingPiraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
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Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln
EconomyBankingAlpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.
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Piraeus Bank raises 1.38 bln in share capital increase
EconomyBankingPiraeus Bank completed its 1.38 billion euros share capital increase, pricing its new shares at the top of its initial price offer range.