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BUSINESS
BUSINESS
Bad loans
Debt servicers manage 89b euros of overdue loans by end Sept
Bad loans transferred to debt services reached 89 billion euros at the end of September, including 69 billion euros in loans which were sold to debt purchasers by banks.
ECONOMY
ECONOMY
Travel balance
Aug travel services surplus rises sharply; Visitors at 22.8m in Jan-Aug
Travel service balance showed a surplus of 4.1 billion euros in August up from a surplus of 3.9 billion euros in the respective month of 2022. Tourist arrivals reach 6.5 million in Aug.
BUSINESS
BUSINESS
Alpha Bank-Unicredit
Hatzidakis, Stournaras welcome mega-deal
Finance Minister and Bank of Greece head welcomed the Alpha Bank-Unicredit mega deal, as a European bank invests in Greece after a decade.
ECONOMY
ECONOMY
Alpha-Unicredit deal
HFSF confirms offer by Unicredit for Alpha's stake; To launch tender process
Hellenic Financial Stability Fund confirms it has received an offer by Uncredit to buy 9% Alpha’s own stake held by the bank rescue fund.
BUSINESS
BUSINESS
Strategic parthership
Unicredit offers to buy Alpha' s stake from HFSF; To merge Romanian subsidiaries
Alpha Bank and UniCredit announce a strategic partnership in Greece and merger of Romanian subsidiaries.
ECONOMY
ECONOMY
S&P
Greece in investment grade; Govt, ESM hail upgrade
S&P has upgraded Greece's sovereign credit rating back to investment level after 13 years. The rater announced late Friday that it has raised the Greek rating to "BBB-", from “BB+" with a stable outlook.
MARKETS
MARKETS
Stock market
Equities close slightly down, despite Europe's steep losses; Eyeing S&P
Shares end slightly down in Athens, but losses were milder compared to European peers which are deep in the red. Investors are awaiting S&P’s verdict on Greece.
BUSINESS
BUSINESS
Alpha Bank
Completes 1.5b euros NPL sale to Hoist Finance
Alpha Bank has completed the disposal of a 1.5 billion euros retail unsecured non-performing loans to Hoist Finance. The sale of Cell project is capital neutral for the bank.
MARKETS
MARKETS
Stock market
Upgrade epxectations put a brake on stocks' losses
Stocks slide in Athens at midday, but losses were milder compared European peers which are set to post seven-month lows. Expectations for upgrade by S&P lend assistance.
MARKETS
MARKETS
Stock Markets
Equities fall, tracking international gloom; Eyeing S&P
Stocks in Athens trade lower early Friday, following Europe’s declines amid growing fears about a wider Middle East conflict.At home, investors are awaiting S&P’s verdict.
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