NEWS

The head of Marfin Popular Bank…

The head of Marfin Popular Bank (MPB), Andreas Vgenopoulos, at a press conference in Nicosia, Cyprus, yesterday, where he explained his company’s position in a recent round of takeover activity in the Greek banking market. Vgenopoulos said that MPB will push ahead with its bid for a ‘friendly’ merger with Piraeus Bank and Bank of Cyprus despite regulatory delays and a refusal from the Cypriot lender. He said the combined entity would rank among Europe’s 25 largest banks, with total assets of 77 billion euros, and would be active in 17 countries.