Fullani meets US governor Alan Greenspan

Albanian Bank Governor Ardian Fullani had a meeting with the chairman of the Governors’ Board of the Federal Reserve, Alan Greenspan, during an official visit in US in the frame of the annual meeting of the World Bank and ... More

HVB expands in housing loans market

Rapid expansion of the local housing loans market has attracted another major player, with HVB Banca pentru Locuinte (HVBBL) officially launching its operations last week, more than a year after a similar move from one of its ... More

Leumi confirms talks on Eurom Bank

Israeli-based Leumi Bank is in talks with the majority shareholder of Eurom Bank for the acquisition of the local bank, Leumi International Investments has announced. The announcement of Leumi's international division came as a ... More

Three banks eye Craiova deal

Three banks have submitted bids for the open tender held by the Craiova City Hall, which plans to take a long-term loan of 70 million lei for public investment projects. Banca Comerciala Romana (BCR), BRD - Groupe Societe ... More

BNR sets maximum hard currency lending limit

The central bank (BNR) has set the maximum hard currency lending limit for commercial banks at 300 per cent of their own funds, to slow a steep rise in credit, a central bank memo said. "Exposure to hard currency lending given to ... More

The potential bidders for BCR

Austria's Erste Bank is set to launch a rights issue of around one billion Euro to finance its plans to acquire banks in Romania, sources familiar with the company said. The issue would depend on the success of any acquisitions ... More

EFG International: IPO Aiming for €1,36 Billion

EFG International controlled by Spyros Latsis, which owns EFG Bank, proceeds with IPO in Zurich Stock Exchange. The company expects to raise 1,36 billion euros (1.73 billion Swiss Francs)from IPO. Funds will be distributed in the ... More

Bulgarian Banks Lower Cost of Mortgage Loans

Four local banks rolled out all-new home purchase loan products in a bid to get hold of a booming market that has seen lending to home buyers as high as 140% in the last year. Bulbank said it will start charging a lowered ARP ... 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

Black Sea Bank to approve 13-16 investment plans in Greece

Black Sea Commerce and Development Bank is expected to approve and sign around 13-16 investment plans in Greece by 2014, as part of a four-year strategic and business plan, Petros Kontos, director of International Financial ... More