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Alpha Bank raises over $500 million via shipping loan deal

Alpha Bank raised more than $500 million from a transaction backed by shipping loans, it confirmed, one of the first…

BoG plans single ‘bad bank’

The Bank of Greece is contemplating the creation of a single “bad bank” to merge all the loan portfolios of…

Bank-financed property transactions rise a notch

The last few months have seen a significant improvement in funding from banks for property transactions, according to the latest…

Banks ready to start funding shipping again, says NBG chief

National Bank of Greece chief executive Alexandros Tourkolias confirmed Greek banks’ return to the financing of the shipping industry.

Retirement age to increase by up to six years for some

According to the government’s proposed changes submitted to the country’s creditors, it is attempting to put an end to special…

Some 32.5 bln fled abroad on fears of Grexit

The amount of capital that was transferred out of Greek banks between late 2009, when the extent of Greece’s economic…

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