Bank bailout scenario is very clear

Once the results of the bank stress tests and asset quality review are released, it is expected that subsequent procedures will unravel within just a few days. The steps will depend on the current status of banks. State ... More

World Bank loan for Albania

Bank of Albania discovered for the first time the emergency loan that they will pay to the Albanian government to damage the old debts with the business operators. “The sums for the investment projects that we are ... More

The adoption of the laws on privatization, bankruptcy and building permits by the end of the year is a condition for Serbia to get an USD 250 million loan from the World Bank (WB), World Bank Country Manager for Serbia Tony ... More

Geniki Bank to be transformed into development and investment bank

Geniki Bank will be tranformed into a specialised development and investment banking organisation, creating a new business plan of development through raising private capital from markets. A bank statement said the plan will be ... More

NBG revenues lower in 3Q

National Bank of Greece announced that 9M13 net profits reached EUR 262 mln or EUR 319 mln excluding one-off write-downs, slightly lower against IBG’s EUR 353.5 mln estimate, but above the consensus EUR 293.5 mln. ... More

EFG Eurobank 3Q losses at €285 mln

EFG Eurobank announced that its 3Q13 net losses before one-offs reached EUR 210.6 mln, down from the previous EUR 243.5 mln losses in 2Q13. After one-offs, losses were shaped at EUR 285.2 mln compared to losses of 330.8 mln in ... More

Piraeus Bank beats forecasts

Piraeus Bank announced a forecast-beating set of results, with 3Q13 core profits coming in 6-13% above analyst and consensus estimates in Greece. Pre-provision profits rose 29% q-o-q, beating consensus and IBG estimates by ... More

Alpha Bank absorbs over 1,000 employees from former Emporiki

Alpha Bank SA, Greece's third-largest lender, on Tuesday proceeded with the absorption of 1,010 former employees of Emporiki, a Credit Agricole SA subsidiary that was taken over by Alpha in February. The bank's human resources ... More

Eurobank funds Greek SMEs expansion abroad

More than 200 Greek enterprises have already received funding, or were in the process of approval, taking advantage of a program exclusively operated by Eurobank in Greece. In a statement, Eurobank said the ... More

Islamic banks’ profit rises 9 pct

Turkey’s participation banks’ net profits rose to $393 million in the first nine months with a 9 percent rise year-on-year. DAILY NEWS photo Turkey’s participation banks’ net profits rose to 786 million ... More

HFSF announces Eurobank's 2-bln-euro share capital increase plan

A proposed share capital increase is a step forward towards a further strengthening of Eurobank's capital base and enhances the bank's ability to support the Greek economy, Hellenic Financial Stability Fund said on Thursday. In ... More

Greece, European Investment Bank sign loan agreements in Athens

The importance of strengthening liquidity for Greek companies and the economy in general was the focus of the first meeting of the European Investment Bank (EIB) managing committee to take place in Athens, on Monday and Tuesday ... More

EIB to participate in Hellenic Investment Fund project

European Investment Bank (EIB) on Wednesday agreed to sign a memorandum of understanding with Greece for its participation in a government plan to set up an Hellenic Investment Fund. The agreement was reached during a meeting ... More

World Bank recommends actions for creating more jobs and making them more accessible

Unemployment in Europe and Central Asia (ECA) is high and job creation is weak, despite impressive reform efforts in many countries of the region and a decade of strong economic growth before the 2009 crisis, says a new World ... More

SEE C-Banks: Lower credit activity poses greatest problem

Central bank governors from Southeastern Europe agreed at a meeting in Belgrade on Friday that the greatest problems of the banking sectors in the region were the drop in credit activity and the high level of problematic ... More

Eurobank eyes 700 dismissals by November 15

Eurobak on Tuesday announced that it has launched a voluntary redundancy scheme with the aim of cutting 700 jobs from the group until November 15. "The exceptionally critical conditions we have all been experiencing over the ... More

EBRD,KfW open fund for help to Balkan local self-governments

The European Bank for Reconstruction and Development (EBRD) and the German banking group KfW opened on Friday a new fund for improvement of infrastructure in local self-governments of the Western Balkan countries. The capacity ... More

Forbes names banker Tsvetan Vassilev most influential Bulgarian

The Bulgarian edition of Forbes Magazine has published its ranking of the top 50 most influential persons in the country. Photo by Forbes Bulgaria The Bulgarian edition of Forbes Magazine has unveiled its ranking of the top ... More

New Libra Bank branch for Chinese investors in Romania

Recently, Libra Internet Bank officially inaugurated the Fundeni branch, located in the Red Dragon Complex and primarily aimed at Chinese and Romanian-Chinese capital companies, a press release notes. This year marks five years ... More

Eurobank wins tender for sale & leaseback of 14 state properties

Eurobank Properties REIC won the bid of the tender for the sale and leaseback of 14 buildings occupied by the government worth 145.81 million euros, Hellenic Republic Asset Development Fund (HRADF) said on Monday. These ... More