Friday August 22, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Commission OKs Alpha’s restructuring

Alpha Bank announced on Thursday that the European Commission had given the green light for the implementation of the lender’s restructuring plan, which Moody’s rating agency described as a “credit positive event.”

The restructuring plan provides for actions that will help it return to sustainable profits. The Commission noted that the plan is in line with regulations concerning state subsidies and that the actions which have already been implemented as well as those included in the plan will create the right conditions for the lender to stage a full return to sustainable profits.

The Commission deemed that the buyout of local rival Emporiki made a positive contribution to Alpha’s sustainability as it allowed for the creation of significant synergies.

Moody’s said the development means Alpha can proceed with its plan, which has already improved its credit profile.

It added that Alpha has recorded notable progress in cost management by incorporating Emporiki.

ekathimerini.com , Thursday Jul 17, 2014 (22:56)  
Greek bourse benchmark ends week on a high
Ryanair says it can turn around ailing Cyprus Airways
Spanish government bonds rise with Italy´s before Draghi speech
Greek peach farmers await Brussels decision on compensation
Greek civil servants refuse to cooperate with assessors
Greece’s civil servants’ union, ADEDY, decided on Friday that its members should abstain from efforts to complete evaluations of public sector employees. The union said it would maintain thi...
Greek minister returns to PASOK fold
Education Minister Andreas Loverdos officially returned to PASOK on Friday less than two years after leaving the party. PASOK leader Evangelos Venizelos confirmed that Loverdos would join th...
Inside News
West Brom sign Greek international striker Samaras
West Bromwich Albion have signed Greece striker Georgios Samaras on a two-year contract following his release from Scottish champions Celtic, the English Premier League club said on Friday. ...
SOCCER
Panathinaikos, Asteras Tripolis notch up vital wins in Europa League
Thursday proved a very productive night for two of the three Greek teams performing in the Europa League as Panathinaikos and Asteras Tripolis secured vital wins in the first legs of their p...
Inside Sports
COMMENTARY
On steroids
Bodybuilders are in a league of their own. They rarely make headlines for their achievements, their performance, or being role models. In contrast, they’re more likely to make the news due t...
EDITORIAL
Time to kick a stupid habit
Official figures indicate that tax dodging continues unabated across Greece’s tourist areas. According to data made available by the Finance Ministry following checks conducted between July ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek bourse benchmark ends week on a high
2. Greek civil servants refuse to cooperate with assessors
3. Greek minister returns to PASOK fold
4. Police bust illegal casino in central Athens
5. Police arrest man over 9.5 mln in debts to Greek state
6. Ryanair says it can turn around ailing Cyprus Airways
more news
Today
This Week
1. Aftershocks rattle Halkidiki after strong 5-Richter quake
2. Coast guard intercepts 180 migrants in Aegean in two days
3. Avramopoulos, Hagel hammer out 'roadmap' of defense cooperation
4. Greek peach farmers await Brussels decision on compensation
5. Spanish government bonds rise with Italy's before Draghi speech
6. Hardouvelis hears grievances of coalition MPS to unified property tax bill
Today
This Week
1. Carved sphinxes at Ancient Amphipolis tomb will not be removed
2. Treating Amphipolis with care
3. Canada’s fiscal adjustment has lessons for Greece
4. Greece to offer law on restructuring bad loans next month
5. Ministry sys ‘no’ to debt collection agencies
6. The magical mountain
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.