Edition:
United Kingdom

George Georgiopoulos

Greece's NBG to ask EU for more time to complete asset sales plan

23 Oct 2018

ATHENS, Oct 23 National Bank (NBG), Greece's second-largest lender will ask European Union competition authorities for more time to complete planned asset sales under an EU-approved restructuring plan, two bankers close to the matter said.

Piraeus Port urges Greece to speed up investment plan approval

19 Oct 2018

ATHENS, Oct 19 Piraeus Port Authority (PPA), operator of Greece's largest port, wants the Greek government to speed up the approval of an investment plan that aims to attract more business to one of Europe's largest harbours, executives said on Friday.

Greece's NBG ends talks with Gongbao over insurance unit sale

17 Oct 2018

ATHENS Greece's National Bank (NBG) said on Wednesday it had ended talks with Shanghai-based Gongbao Group on the potential sale of a majority stake in its wholly-owned insurance subsidiary.

UPDATE 3-Greece's NBG ends talks with Gongbao over insurance unit sale

17 Oct 2018

* NBG would not give details why it ended talks (Adds Gongbao statement, para 3)

Piraeus Bank in talks with ECB for more time to issue Tier-2 bond - sources

12 Oct 2018

ATHENS/FRANKFURT, Oct 12 Greece's largest lender by assets, Piraeus Bank, has told the European Central Bank that it may miss a year-end target to raise capital because of unfavourable financial markets, sources familiar with the matter said.

Greek bank shares slide again, infected by 'Italian virus'

08 Oct 2018

ATHENS Greek bank shares came under renewed selling pressure on Monday as a rout in Italy's bond market eroded appetite for riskier euro zone assets.

Greece working on bank bad-loan asset protection scheme - bankers

04 Oct 2018

ATHENS Greece is working on an asset protection scheme to help its banks offload soured loans, and shared the details with EU competition authorities and banking supervisors, bankers and government officials said on Thursday.

Greece working on bank bad-loan asset protection scheme: bankers

04 Oct 2018

ATHENS Greece is working on an asset protection scheme to help its banks offload soured loans, and shared the details with EU competition authorities and banking supervisors, bankers and government officials said on Thursday.

Piraeus Bank says debt plan on track as shares drop 30 percent

03 Oct 2018

ATHENS Piraeus Bank said plans to issue debt to bolster its capital were on track on Wednesday as Greece's largest lender by assets faced a near 30 percent share price fall.

Greece unveils 2019 draft budget, hoping to avoid pension cuts

01 Oct 2018

ATHENS Greece on Monday unveiled next year's budget draft, aiming to attain a bigger primary surplus than that agreed with its international creditors, projecting that economic growth will pick up to 2.5 percent.

World News