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 [...]

Attica Bank ready to focus on development, chairman says

Cooperation with PIMCO, a financial firm approved as preferred investor for the management of a second securitisation of non-performing loans by the bank, is a new and decisive step towards fortifying the bank and opens new prospects for wider [...]

Grecotel Group to invest 42 million euros in 2018

Grecotel Group on Monday said its investment programme will total 42 million euros this year, creating 630 new job positions. The Group is a pylon of employment in Greece and the biggest employer in the hotel business with 6,100 workers. Grecotel [...]

DEPA buys remaining equity stakes in EPA Attica, EDA Attica for 150 mln euros

DEPA announced the signing of an agreement for the acquisition of 49 pct of shares of natural gas distribution and supply companies of Attica, taking full ownership of the two companies (DEPA had already bought a 51 pct of their shares). The [...]

OTE Group successfully completes sale of 400-mln-euro bond loan

OTE Group on Thursday announced the successful completion of a bookbuilding process to issue a four-year bond loan worth 400 million euros. In an announcement, OTE Group said the issue was around five times oversubscribed and the coupon was [...]

ADMIE to invest more than 2.1 bln euros by 2024

ADMIE, the Independent Power Transmission Operator, on Thursday announced plans to invest more than 2.1 billion euros on a project for the electricity interconnection of the Cyclades islands and Crete with the country’s main grid. The [...]

Attica Bank to protect its good reputation, chairman says

Attica Bank on Monday announced a series of actions aimed to protect its good reputation following criticism made by National Defence Minister Panos Kammenos over the involvement of the bank’s executive board in the management of loans [...]

S&P upgrades National Bank’s covered bond credit rating to investment grade

Standard & Poor’s announced the upgrade of National Bank of Greece’s three-year covered bonds worth 750 million euros to the BBB- credit rating, four notches above the country’s credit rating. According to economic analysts, [...]

Piraeus Bank to continue e-auctions of property assets

Piraeus Real Estate, in cooperation with Piraeus Bank, plans to continue e-auctions of property assets included in the properties4sale.gr platform, as part of a strategy to actively manage its real estate portfolio. In an announcement, Piraeus [...]

Cyprus gas company seeks fuel supplies

Cyprus plans to invite expressions of interest for the supply of natural gas soon, the head of its natural gas public company said, as it moves to cut its reliance on heavy fuel oil. Oil and gas company Energean said on Thursday it had offered [...]