ATHENS Greece's economy continued to recover in the third quarter, driven by net exports, but its expansion slowed from the second quarter amid weaker consumer spending and investments.
ATHENS Eurobank and National Bank (NBG) , two of Greece's largest lenders, on Thursday reported higher third-quarter profits showing the benefits of clearing bad loans from their balance sheets.
LONDON/ATHENS Italy's biggest loan recovery firm doValue has emerged as the strongest bidder for Eurobank's loan servicing unit, sources familiar with the matter told Reuters, a deal critical for the turnaround of Greece's third largest lender.
* Will apply for up to 3.7 bln euros in govt guarantees
(Adds carve out of loan servicing platform)
ATHENS Greece plans to sell billions of euros of social security contributions owed to its pension fund to private investors to get cash upfront and facilitate recovering other receivables, senior government officials told Reuters on Thursday.
ATHENS, Nov 14 Greece plans to sell billions of
euros of social security contributions owed to its pension fund
to private investors to get cash upfront and facilitate
recovering other receivables, senior government officials told
Reuters on Thursday.
ATHENS Eurobank's board concluded on Tuesday that competing offers by U.S. funds group PIMCO and Italian bad loan specialist doValue for the Greek bank's loan-recovery unit FPS were both satisfactory, banking sources told Reuters.
ATHENS Greece's competition authorities raided the country's main commercial banks on Thursday in a probe on pricing and commission practices, witnesses and bankers with knowledge of the matter told Reuters.
ATHENS, Nov 1 Greek lender Piraeus Bank's
partnership with Swedish loan servicer Intrum
to manage bad loans will create the biggest
independent loan servicer in the Greek market, executives at
both firms said on Friday.
ATHENS Human rights groups urged Greece on Tuesday to scrap plans they say will restrict access to protection for asylum seekers as the government said the burden of dealing with an influx of migrants was getting too heavy to bear.