National Bank of Greece, Alpha Bank and Eurobank EFG have shown interest in buying Credit Agricole's Greek unit, Emporiki Bank, the Financial Times reported on Saturday.
France’s Credit Agricole asked local Greek banks to submit bids for a majority stake in its Emporiki Bank SA unit earlier in June amid concerns of a bank run in Greece, the FT said, citing an unidentified source.
The three banks indicated they were prepared to make bids for Emporiki if they get approval from the Hellenic Financial Stability Facility (HFSF), according to the report. The French bank declined to comment, the report said.
Ireland is an example of how Greece can overcome the ongoing debt crisis, Greek Prime Minister Antonis Samaras said Thursday after a meeting with his Irish counterpart Enda Kenny in Athens.
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Irish Prime Minister Enda Kenny was expected in Athens on Thursday for a meeting with Greece's government leader Antonis Samaras.
The two are expected to discuss recent developments in the e...
PAOK recovered some of the ground lost in the Super League playoffs by beating fellow Champions League-spot contender Asteras 2-1 at Tripoli on Wednesday, while PAS Giannina and Atromitos sh...
The league that in the last three years has produced the European basketball champion entered its playoffs on Tuesday and Wednesday with the first games of the quarterfinal round, with AGO R...
Far-right Golden Dawn has been catapulted onto center stage of Greek politics. That’s almost an achievement for the post-1974 political system that emerged from the collapse of a pathetic mi...
A growing number of European Union leaders and officials are now suggesting that next year will most probably see a significant write-down on Greek debt.
The country’s partners are clearly a...
