Moody’s changes Eurobank long-term deposits rating to positive from stable

The credit rating agency Moody’s on Tuesday announced that it is changing its rating for the long-term deposits of the Greek systemic bank Eurobank Ergasias to positive from stable, affirming them at Caa2. “The primary driver of [...]

ADMIE says nine-month profits up 20.9 pct

ADMIE on Tuesday said its nine-month net profits totaled 60 million euros, up 20.9 pct from the same period last year, while net borrowing fell by 51.8 pct to 112.9 million euros and EBITDA rose 1.4 pct to 140.1 million euros. ADMIE Holdings, [...]

Piraeus Bank announces new single pension scheme for its employees

Piraeus Bank on Friday announced it will offer a new, single group pension programme to its employees in the framework of a strategic plan to create a single working framework in the group. Under the new programme, to be implemented from January [...]

Ethniki Asfalistiki continues its positive course in the 9-month period

Ethniki Insurance continues its positive course in the 9-month period of 2018, recording an increase of 4.3% compared to the 9-month period of 2017. Profits prior to taxes for the same period amounted to €50.1 million, from €65.7 in the [...]

Vasilios Psaltis to take over as new Chief Executive Officer of Alpha Bank

Alpha Bank announced that Vassilios Psaltis, current Chief Financial Officer and managing director of the bank, will take over as new Chief Executive Officer after the departure of Dimitrios Mantzounis. The bank said the new CEO will take over [...]

National Bank Group reports profits in Jan-Sept

National Bank Group on Thursday said its profits from continuing operations after tax totaled 48 million euros in the January-September period, after losses of 103 million in the same period last year. Paul Mylonas, CEO, commenting on the results [...]

Energean Oil & Gas announces beginning of FPSO construction

Energean Oil and Gas plc, the London Premium Listed FTSE 250 and Tel Aviv Listed E&P company with operations offshore in Israel, Greece and the Adriatic, announced that first steel was cut on the Karish and Tanin floating production storage [...]

Capital Product Partners LP and DSS to create market leader in tanker business

Capital Product Partners L.P. (CPLP) and DSS Holdings L.P. (DSS), a privately held company and one of the world’s largest owners and operators of medium-range product and Suezmax crude tankers, on Tuesday announced a merger agreement to create [...]

Aegean Airlines says net profits up 13 pct in Jan-Sept

Aegean Airlines announced a 5.0 pct increase in its consolidated turnover to 939.3 million euros in the nine-month period from January to September, compared with the same period last year and said net pre-tax profits rose 14 pct to 115.8 million [...]

Eurobank and Grivalia join forces and announce merger

A decision to merge with Grivalia makes Eurobank the strongest capitalised bank in Greece, with a capital ratio of 19 pct, ready to meet clients demands, return to growth and support economic activity in Greece and Southeastern Europe. The new [...]