Deloitte: Greek CFOs most optimistic in Europe

Greek Chief Financial Officers were the most optimistic in Europe on economic outlook and their company’s prospects, Deloitte said in its European CFO Survey Autumn 2018 released on Tuesday. More specifically, the average optimism of Greek [...]

CVC Capital acquires 70.38 pct of Hygeia

A block trade of 215.18 million shares, representing 70.38 pct of Hygeia’s equity capital, was completed during Friday’s session in the Athens Stock Exchange. CVC Capital, a US fund, has agreed to purchase Hygeia for 204.4 million [...]

Fitch upgrades Alpha Bank covered bonds to BB+ from BB- with a stable outlook

The Fitch rating agency on Thursday upgraded Alpha Bank’s mortgage covered bond programme to BB+ from BB- with stable outlook. According to the rating agency, it had initially placed the programme on Ratings Watch Positive (RWP) after [...]

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 [...]