Showing posts with label Piraeus Bank. Show all posts
Showing posts with label Piraeus Bank. Show all posts

Sunday, November 22, 2015

Greece’s Piraeus Bank Fails to Raise Enough From Private Investors

Capital shortfall determined through ECB stress tests for the Greek economy
The Wall Street Journal

Nov. 22, 2015 8:06 a.m. ET
ATHENS—Greece’s second-largest lender by assets, Piraeus Bank SA, said Saturday that it didn’t manage to raise all the funds needed from private investors following capital shortfalls outlined by the European Central Bank in October.

This means that Greece’s bank rescue fund will need to prop up Piraeus and Greece’s largest lender, National Bank of Greece SA, with at least €6.3 billion ($6.7 billion).

Wednesday, October 3, 2012

Greece's Piraeus Bank reaches deal to buy Geniki: sources

By Lefteris Papadimas and George Georgiopoulos
ATHENS | Tue Oct 2, 2012 2:42pm EDT
(Reuters) - Greece's Piraeus Bank (BOPr.AT) has struck a preliminary deal to buy French lender Societe Generale's (SOGN.PA) loss-making Greek unit Geniki (GHBr.AT) to strengthen its position amid a brutal debt crisis, two sources close to the talks told Reuters.