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Reuters - 1 week ago

Alpha Bank- Completion of bad loans disposale to Fortress and Davidson Kempner

ANNOUNCEMENT-Alpha Bank- Completion of bad loans disposale to Fortress and Davidson Kempner Completion of the disposal by Alpha Bank S.A. of a mixed pool of secured Non-Performing Loans to Greek Large Corporate Entities and Small and Medium-sized Enterprises (Project Hermes) 25.5.2023 Following its Announcement of 5.5.2023, Alpha Services and Holdings S.A., parent company of the Alpha Bank S.A., announces that on 25.5.2023 Alpha Bank S.A.

Reuters - 2 weeks ago

Mitsotakis wins in Greek election: five questions for markets

GRAPHIC-Mitsotakis wins in Greek election: five questions for markets LONDON, May 22 (Reuters) - Greek stocks and government bonds rallied sharply on Monday, cheering the ruling New Democracy party's election showing. Prime Minister Kyriakos Mitsotakis' party fell just short of a majority in Sunday's vote, making a second election likely . But with its lead larger than polls predicted, analysts expect New Democracy to win an outright majority in a potential second round.

Reuters - 2 weeks ago

Greek election: five questions for markets

GRAPHIC-Greek election: five questions for markets LONDON, May 16 (Reuters) - Greece votes on Sunday in what is likely to be an inconclusive election , meaning short-term uncertainty as markets wait to see whether a coalition government or a second-round vote follows. Incumbent Prime Minister Kyriakos Mitsotakis' strong relationship with the European Union and commitment to reforms should reassure investors if he is successful.

Reuters - 4 weeks ago

Greece's Alpha Bank posts higher quarterly profit on interest income

UPDATE 1-Greece's Alpha Bank posts higher quarterly profit on interest income Adds CEO comment paragraphs 4, 5, background in paragraph 6 ATHENS, May 8 (Reuters) - Alpha Bank ACBr.AT , Greece's third-largest lender by market value, on Monday posted a 24% rise in first-quarter net profit on higher interest income. Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, said net profit came in at 162 million euros ($178.62 million), up from 131 million euros in the first quarter last year

Reuters - 4 weeks ago

Alpha Bank posts higher quarterly profit

Alpha Bank posts higher quarterly profit ATHENS, May 8 (Reuters) - Greece's Alpha Bank ACBr.AT , third-largest lender by market value, on Monday reported a 24% rise in first quarter net profit on higher net interest income. Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, said net profit came in at 162 million euros ($178.62 million), up from 131 million euros in the first quarter last year.

Reuters - 4 weeks ago

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner

Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner ATHENS, May 5 (Reuters) - Alpha Bank ACBr.AT, one of Greece's four largest lenders, said on Friday it signed a binding agreement to sell a 650 million euro ($717.34 million) portfolio of corporate bad loans to Fortress and Davidson Kempner. The transaction, named project Hermes, is expected to reduce Alpha Bank's non-performing exposures (NPE) ratio by 10 basis points, it said.

Reuters - 2 months ago

Greek banks to absorb potential further interest rate hikes on mortgage loans

Greek banks to absorb potential further interest rate hikes on mortgage loans ATHENS, April 11 (Reuters) - Greece's four largest banks will absorb any further interest rate hikes on mortgage loans for 12 months from May to help households cope with rising housing costs, two banks and the country's finance minister said on Tuesday. Greek household incomes have faced a sharp squeeze after a series of interest rate hikes by the European Central Bank since July resulted in a rise of about 10%-25% in

Reuters - 3 months ago

Greece's Alpha Bank swings to profit in 2022 on lower impairments

UPDATE 1-Greece's Alpha Bank swings to profit in 2022 on lower impairments Adds details, background ATHENS, March 15 (Reuters) - Alpha Bank ACBr.AT, Greece's third-largest lender by market value, reported a net profit last year after a loss in 2021 on lower loan impairment provisions. Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, reported net earnings of 398 million euros ($427.37 million) versus a loss of 2.9 billion euros in 2021. Loan-loss provisions dropped 23% year-on-yea

Reuters - 3 months ago

Greece's Alpha Bank swings to profit in 2022 on lower impairments

Greece's Alpha Bank swings to profit in 2022 on lower impairments ATHENS, March 15 (Reuters) - Alpha Bank ACBr.AT, Greece's third-largest lender by market value, reported a net profit last year after a loss in 2021 on lower loan impairment provisions. Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, reported net earnings of 398 million euros ($427.37 million) versus a loss of 2.9 billion euros in 2021. Loan-loss provisions dropped 23% year-on-year to 288 million euros.

Reuters - 4 months ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Rothschild; updates Newmont Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2 045 GMT on Monday: * * In a show of confidence that strengthens the Rothschild family's grip on its Paris-listed investment bank, the financial dynasty said it plans to take Rothschild & Co ROTH.PA private.

Reuters - 4 months ago

Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Sibanye-Stillwater, Mercedes-Benz, Abbvie, Alpha Bank Updates: Metro Pacific Investments Corp Feb 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Monday: ** Sibanye-Stillwater SWJ.J is not interested in gold mergers and acquisitions, CEO Neal Froneman said, after Newmont's $16.9 billion bid for Newcrest increased the pressure on gold miners to consolidate.

Reuters - 4 months ago

Greece's Alpha Bank sells real estate assets to Dimand and Premia

Greece's Alpha Bank sells real estate assets to Dimand and Premia ATHENS, Feb 6 (Reuters) - Alpha Bank ACBr.AT , one of Greece's four largest lenders, has agreed to sell real estate assets to Dimand S.A. and Premia Properties, the bank said on Monday. The consortium will acquire 65% of Alpha Bank's estate portfolio, which is valued at 438 million euros.

Reuters - 4 months ago

Lampsa To Issue 12-Year Common Secured Bond Loan Of EUR 75.1 Million

BRIEF-Lampsa To Issue 12-Year Common Secured Bond Loan Of EUR 75.1 Million Feb 3 (Reuters) - Lampsa Hellenic Hotels SA LAMr.AT : TO ISSUE 12-YEAR COMMON SECURED BOND LOAN OF EUR 75.1 MILLION EUROBANK, ALPHA BANK AND NATIONAL BANK OF GREECE AGREED TO COVER, UNDERWRITE AND PURCHASE THE BOND SECURITIES THE BOND LOAN PROCEEDINGS WILL BE USED EXCLUSIVEL

Reuters - 4 months ago

Greece's Alpha Bank raises 400 million euros from Tier 1 issue

Greece's Alpha Bank raises 400 million euros from Tier 1 issue ATHENS, Feb 1 (Reuters) - Alpha Bank ACBr.AT , one of Greece's four largest lenders, completed a Tier 1 issue on Wednesday , raising 400 million euros ($435.52 million) at a 11.875% yield, according to a banker with knowledge of the issue. The banker said bids for the transaction exceeded 1.65 billion euros "on strong demand from about 200 institutional investors".

Reuters - 4 months ago

Alpha Bank mandates banks on Tier 1 bond

Alpha Bank mandates banks on Tier 1 bond ATHENS, Jan 30 (Reuters) - Alpha Bank ACBr.AT , one of Greece's four biggest lenders, mandated Citi as the sole structuring advisor and Barclays, BofA Securities, Citi, J.P. Morgan and Nomura to lead arrange an additional Tier 1 bond to raise 300 million euros ($326.52 million), the bank said on Monday. ($1

Reuters - 5 months ago

Greece launches process to divest stakes in four lenders

ATHENS, Jan 11 (Reuters) - Greece's HFSF bank rescue fund has launched a process to divest its stakes in the country's four largest banks in the next three years, either directly to markets or through private placements, it said on Wednesday. The HFSF fund has spent about 40 billion euros ($43 billion)to recapitalise Greece’s four largest lenders during the country's decade-long financial crisis, receiving shares in exchange.

Reuters - 6 months ago

Greek banks to subsidise interest rate rises for vulnerable borrowers

ATHENS, Dec 14 (Reuters) - Greek banks will subsidise part of the recent interest rate increases for vulnerable mortgage borrowers, officials said on Wednesday. About 30,000 vulnerable households that are servicing their mortgage loans to banks will be eligible for a subsidy that covers 50% of the interest rate increases since July. "We received the proposal from the banks and they will make the relevant announcements with all the details in the coming days," a finance ministry official told rep

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