Friday October 24, 2014 Search
Weather | Athens
19o C
12o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greece's Alpha Bank said to be in talks to buy Citi's local retail ops

Greece's Alpha Bank is in talks to acquire part of Citibank's local retail banking operations, financial daily Imerisia reported on Tuesday.

Alpha Bank, Greece's fourth-largest lender by assets, is majority owned by bank rescue fund HFSF.

Citibank, which started shipping and corporate lending operations in Greece in 1964 and expanded into retail banking in the 1980s, runs a network of 21 branches across the country.

The two banks are looking into a plan under which Alpha would acquire Citibank's retail arm and its wealth services, the paper said, without citing sources or providing any figures on how much Alpha would pay for the deal.

Alpha declined comment. "It is our standard policy to not comment on press reports," an Alpha Bank senior official told Reuters, declining to be named.

The Hellenic Financial Stability Fund (HFSF) would not comment. Citibank was not immediately available for comment. [Reuters]

ekathimerini.com , Tuesday February 11, 2014 (10:49)  
Weekly rise of 6.4 pct for ATHEX
Tax revenues up by 1 bln euros in 2nd quarter, public sector wages down
ECB bank assessment to show 6-billion-euro capital gap, Citi says
EU says Turkey´s energy hunt off Cyprus is a a ´serious concern´
New Amphipolis finds taken to museum for preservation
A large marble door and the head of a sphinx found inside the ancient tomb at Amphipolis were moved to a nearby museum on Friday. The door, which is in two pieces, and the marble sphinx head...
Arsonists torch reputed neo-Nazi hangout in Athens
A cafe in the Athens neighborhood of Ambelokipi was attacked by arsonists early on Friday. Authorities said that a device containing three cooking gas canisters was placed outside the Bristo...
Inside News
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
BASKETBALL
Greens succumb to first loss at Bayern
Panathinaikos’s unbeaten run in all competitions came an end on Thursday as the Greek champion lost 81-75 at Bayern Munich for the Euroleague. Bayern is a team that improves every year, and ...
Inside Sports
COMMENTARY
Tension for tension’s sake?
It is evident that Turkish President Recep Tayyip Erdogan feeds off tension. He would barely have achieved as much as he has – and prevailed – if he had not been so keen to confront a series...
EDITORIAL
Testing ground
The Regional Authority of Attica is a good testing ground for politicians who appear to thrive on accusations to prove whether they can actually solve major problems of a practical nature. T...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Weekly rise of 6.4 pct for ATHEX
2. New Amphipolis finds taken to museum for preservation
3. Arsonists torch reputed neo-Nazi hangout in Athens
4. To Potami releases list of representatives on policy issues
5. Skouries gold mine workers´ cars doused in acid
6. Woman killed by tram on Athens´s south coast identified
more news
Today
This Week
1. Woman killed in tram accident in Floisvo, south of Athens
2. Clocks to go back 1 hour on Sunday
3. ECB vies for third time lucky in European stress tests
4. Venizelos slams Turkey for 'flagrant violation of international law' off Cyprus
5. Cyprus GDP upgrade seen as boosting bailout exit plans
6. ECB bank assessment to show 6-billion-euro capital gap, Citi says
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greece’s closed society is central to its current malaise
3. Coalition shooting itself in the foot
4. Greece must stick to reforms, says Schaeuble
5. At least 11 banks to fail European stress tests, three in Greece, report says
6. Cyprus to block Turkey's EU talks after EEZ violation
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.