PiraeusBank

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Reuters - 4 days ago

Time to be selective on Greek banks as lower interest rates loom, MS says

BUZZ-Time to be selective on Greek banks as lower interest rates loom, MS says ** Morgan Stanley says that while Greek banks are attractive as they are undervalued and benefit from a strong Greek economy, future returns may be lower due to a potential economic slowdown in Europe and lower interest rates ** It downgrades National Bank of Greece (NBG

Reuters - 3 weeks ago

Piraeus Bank posts 53% leap in nine-month profit

UPDATE 2-Piraeus Bank posts 53% leap in nine-month profit Adds CEO comment, paragraphs 5-6 ATHENS, Nov 1 (Reuters) - Piraeus Bank, Greece's third-largest lender by market value, posted a 53% jump in nine-month net profit on Friday, citing higher net interest income and declining bad loans. Net profit for the first nine months of the year was 882 million euros ($958.29 million), up from 577 million euros in the same period last year.

Reuters - 3 weeks ago

Piraeus Bank posts higher nine-month profit

Piraeus Bank posts higher nine-month profit ATHENS, Nov 1 (Reuters) - Piraeus Bank, Greece's third-largest lender by market value, posted on Friday a 53% profit rise in the nine months on higher net interest income and declining bad loans. Net earnings came in at 882 million euros ($958.29 million). ($1 = 0.9204 euros) Reporting by Lefteris Papadim

Reuters - 2 months ago

Greece is unlikely victor in bank selldown race

BREAKINGVIEWS-Greece is unlikely victor in bank selldown race The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 3 (Reuters Breakingviews) - In 2010, it was hard to imagine the day when Greece's banking sector would be fully privatised and thriving. That was the year the government founded the Hellenic Financial Stability Fund (HFSF) to prop up ailing lenders.

Reuters - 2 months ago

Greece concludes post-crisis bank privatisations with 10% stake sale in National Bank

UPDATE 2- Greece concludes post-crisis bank privatisations with 10% stake sale in National Bank Adds official announcement, bookrunners By Lefteris Papadimas ATHENS, Oct 3 (Reuters) - Greece concluded on Thursday the re-privatisation of its lenders with the sale of a 10% stake in National Bank (NBG) amid strong demand from investors, t he bank bailout fund said.

Reuters - 2 months ago

Greece's NBG stake sale meets strong demand

UPDATE 2-Greece's NBG stake sale meets strong demand Adds oversubscription, quotes from official, background ATHENS, Sept 30 (Reuters) - Demand for a 10% stake sale in Greece's National Bank (NBG) NBGr.AT by the country's bank bailout fund was oversubscribed by six times on Monday, in the first day of a book-building process which ends later this week, two sources told Reuters.

Reuters - 2 months ago

Greece to kick off National Bank stake sale next week, sources say

UPDATE 1-Greece to kick off National Bank stake sale next week, sources say Adds more quotes from sources, background ATHENS, Sept 24 (Reuters) - Greece's bank bailout fund HFSF will start the process to sell a stake of up to 12% in National Bank of Greece NBGr.AT early next week, two officials with knowledge of the matter said on Tuesday. With the planned sale, Greece will conclude the re-privatisation of its banks, which were bailed out during a debt crisis that nearly drove the country out of

Reuters - 3 months ago

Greece to wrap up post-crisis bank privatisations with October stake sale

Greece to wrap up post-crisis bank privatisations with October stake sale By Lefteris Papadimas ATHENS, Sept 4 (Reuters) - Greece plans to conclude the re-privatisation of its banks by early October with the sale of its last stake in National Bank, two sources familiar with the matter told Reuters on Wednesday. The planned sale marks a rebound for the Greek banking sector, which was bailed out during a debt crisis in which Greece nearly dropped out of the eurozone and international lenders impos

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