Search Results: Bank

Attica Bank CEO Eleni Vrettou termed the merger as a historic move for the non-systemic bank

Attika Bank informed its shareholders of the absorption of Pancreta Bank, following its initial announcement of the deal on July 24th.

Alpha Bank, Eurobank, National Bank, and Piraeus Bank are the Greek banks likely to record historical highs in profitability, paving the way for even greater shareholder rewards in 2025, with 35% of 2024 profits expected to be returned.

Greece showed improved performance but still lags behind the EU average

Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday

Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.

In its report, DBRS analyzed Q1 results for the four major Greek banks—Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A.

UBS maintained a buy recommendation for both the systemic banks

The results were a 26% increase compared to the same period in 2023

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

Voting in favor were deputies of ruling New Democracy (ND) and the lesser opposition PASOK party.

In his opening address, Chairman Gikas Hardouvelis stressed that the National Bank has turned a new chapter and is now a key player in advancing the domestic banking sector and the Greek economy.

Notably, the bank is slashing fees for the IRIS payments interbank service by 50% for professional use.

A relevant announcement said the merger with Pancreta is expected to be completed by mid September

Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse

Eurobank CEO Fokion Karavias also revealed that a public offer to acquire 100% of Hellenic Bank on Cyprus is underway

The Hellenic Competition Commission will focus on interest-bearing deposit rates - criticized as low - offered over past years by Greek banks

The IT outage, most pronounced in Australia, was caused by a Microsoft error. The company has acknowledged the situation, stating that it is addressing the technical issue