Piraeus Bank seeks opportunity to return to capital markets

Piraeus Bank is monitoring developments in capital markets to find the opportunity for a bond issue, in the framework of a capital strengthening plan, Christos Megalou, the bank’s CEO told Reuters on Wednesday. “The bank implements [...]

PPC presents plan for transformation into energy services company

PPC on Tuesday presented a business plan designed to lead the electricity utility towards promoting cyclical economy and its transformation into an energy services company. The plan was presented by Ioannis Kopanakis, Corporate Development general [...]

Attica Bank reports pre-provision earnings of 6.8 mln euros

Attica Bank on Thursday said its pre-tax and pre-provisions earnings totaled 6.8 million euros in the first half of 2018, from 8.4 million euros in the same period last year, negatively affected by lower contribution of net commission revenue. The [...]

OPAP to buy 36.75 pct in Stoiximan for 50 million euros

OPAP Group on Monday announced a new strategic investment. In an announcement, OPAP said its subsidiary OPAP Investment Ltd has signed a pre-agreement for the acquisition of a 36.75 pct stake in TCB Holdings Ltd, the mother company of Stoiximan [...]

Greek authorities give green light to 300-mln-euro energy project by Mytilineos

Greece’s Energy Regulatory Authority issued a production license for a new electrical power unit of 665 MW by Mytilineos Group to be built in the group’s energy center in Aghios Nikolaos, Viotia. The project needs approval of environmental [...]

Eurobank says net profit reached 113 mln euros in H1

“Eurobank continued a solid performance in the second quarter, highlighted by sustained profitability, increased pre-provision income and positive results in the area of non-performing exposures (NPE) in line with our full-year target, Fokion [...]

Hellenic Petroleum reports Q2 net income of 66 million euros

Hellenic Petroleum reported on Thursday an adjusted net income of 66 million euros for the second quarter of the year, down 33 percent from the same period last year. The company said that revenues for the three month period rose 25 percent [...]

Alpha Bank reports 12.3 mln euros profit in H1

Alpha Bank on Thursday reported after tax profits of 12.3 million euros in the first half of 2018. The bank said it retained a sector leading capital position with Common Equity Tier 1 ratio (CET 1) at 18.5%; Tangible Book Value at 7.8 billion [...]

Alpha Bank revokes decision to shut down branches on three remote E. Aegean islands

Alpha Bank has rescinded its decision to shut down its branches on the remote islands of Kassos, Lipsi and Tilos, a Shipping Ministry statement said on Tuesday. The bank made its decision following talks of its board with Deputy Premier Yiannis [...]

Ethniki Asfalistiki: 127 years at the top of the Greek insurance market

The successful path of Ethniki Asfalistiki has a long history. For 127 years he has been at the top of the Greek insurance market, making his name synonymous with collateral and solvency. Today, despite the prolonged sales process, the Company [...]