Thursday Jul 31, 2014 Search
Weather | Athens
32o C
25o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Deal for Cypriot bank units in Greece to pass to local lender agreed by leaders

Greece and Cyprus agreed on Friday that a Greek lender should take over Cypriot bank units in Greece.

Cypriot President Nicos Anastasiades’s office issued a statement saying he had communicated with Greek Prime Minister Antonis Samaras to confirm that the deal would take place.

The Cypriot Presidency said the agreement would lead to “significant benefits for the Cypriot side.”

The Greek Finance Ministry also confirmed the agreement between the two leaders. Official offers for the Cypriot bank units in Greece are expected.

Hellenic Bank, Bank of Cyprus and Cyprus Popular Bank (Laiki) have about 14 billion euros of deposits and a total loan book of about 23 billion euros.

They will need about 1.5 billion euros in recapitalization funds. It has been reported recently that this cost would be shared between Greece and Cyprus but has not been confirmed.

Piraeus Bank, Alpha Bank, National Bank and Hellenic Postbank have been linked with bids for the three Cypriot bank units in Greece.

ekathimerini.com , Friday March 22, 2013 (13:38)  
Euro bonds in seven-month surge as ECB boosts Italy to Germany
Greece may ignore EU and lower energy costs for business, says minister
Only 5 percent of stores see brisker business during this year´s summer sales
Euro flows reveal shift in sentiment as losses mount
Opposition´s bid to remove articles from forestry bill fails
Parliament rejected an appeal on Thursday by opposition parties to have some parts of a forestry bill deemed unconstitutional and removed from the legislation package. The coalition majority...
Man dies after being shot outside his house near Thessaloniki
A man has died and two others are being treated in the hospital after a shooting in Dendropotamo near Thessaloniki on Thursday. The dead man has been identified as a 60-year-old Roma, who wa...
Inside News
SOCCER
Goalless draw at Liege puts Greens in driving seat
Panathinaikos got the upper hand in the battle for entry to the Champions League playoffs after snatching a goalless draw at Standard Liege on Wednesday. If anything, the Greek cup holders m...
SOCCER
Greek league recruits former referee Dallas
Former referee Hugh Dallas has been appointed as the head referee of the Greek Super League, the Hellenic Football Federation (EPO) said in a statement on Wednesday. The 56-year-old Scot ear...
Inside Sports
EDITORIAL
Populism eating up education
The fact that the issue of education is not topping the list of priorities for the current coalition government, but instead, has been left in the hands of incapable politicians is utterly i...
COMMENTARY
A valued but mistreated professional
I did not know much on a personal level about Dimitris Stefanou, Greece’s former administrative reform general secretary who died earlier this week at the age of 46. I did, however, have a s...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Opposition´s bid to remove articles from forestry bill fails
2. Euro bonds in seven-month surge as ECB boosts Italy to Germany
3. Man dies after being shot outside his house near Thessaloniki
4. Greece may ignore EU and lower energy costs for business, says minister
5. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
6. Only 5 percent of stores see brisker business during this year´s summer sales
more news
Today
This Week
1. Euro flows reveal shift in sentiment as losses mount
2. Motorists refusing to pay tolls on Corinth-Kalamata highway to be monitored
3. EU puzzles over emergency funds for euro area bank crisis agency
4. Only 5 percent of stores see brisker business during this year's summer sales
5. Fake psychic caught in Thessaloniki after gaining 35,000 from victim
6. Greece may ignore EU and lower energy costs for business, says minister
Today
This Week
1. Quadriplegic woman on life support 'dies due to unpaid power bills'
2. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
3. Defense Minister Avramopoulos to represent Greece at European Commission
4. Front-line threats
5. Wine cup used by Pericles found in grave north of Athens
6. Greece names fifth privatization agency chief in four years
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.