EUROBANK
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Greek Eurobank Posts 1H Loss Of EUR13.7M In Romania
Greek bank group Eurobank, owner of Bancpost, posted losses of EUR13.7 million in the first half of the year, after a net profit of EUR4.3 million in the fist quarter, the financial institut...
Eurobank Swings To Profit Of EUR4.3M In Romania In 1Q
Greek group Eurobank, the owner of lender Bancpost and other local financial companies, registered net profit of EUR4.3 million in Romania in the first quarter of 2013, versus loss of EUR10....
Bancpost And Banca Romaneasca Forgo Merger Plans
Bancpost and Banca Romaneasca, which were set to merge into a bank with EUR4 billion assets ranking 7th on the Romanian market, will remain two separate entities for the time being after the...
Eurobank Brings Greek Banker To Run Bancpost
Greek financial group Eurobank continues its effort to restore the profitability of Bancpost, the tenth largest bank in Romania by assets by putting a Greek banker in charge. The banker, Ant...
Bancpost CEO Peter Weiss Leaves Bank After 18 Months
Peter Weiss, the Dutch executive who took the position of chief executive officer of Bancpost in early 2011, will leave the bank.
Alpha Bank Buries Merger With Eurobank. Romanian Subsidiaries Are On Their Own
The planned merger of Greek groups Alpha Bank and EFG Eurobank, which was supposed to create the third-largest bank by assets in Romania, only survived for six months, and was officially bur...
To Merge Or Not To Merge, That Is Alpha Bank’s Question
After being announced in late August 2011, the merger of Greek banking groups Alpha Bank and Eurobank, which should have created the third-ranking lender by assets on the Romanian market – A...
Bancpost, Alpha Bank Await Merger With Staff Cuts And Balance Sheet Reduction
Bancpost and Alpha Bank, the Romanian units of Greek banks EFG Eurobank and Alpha Bank, which should have completed their merger in legal terms by the end of 2011, do not have a calendar or...
EFG Eurobank Switches To EUR8.2M 9-Month Loss In Romania
Greece’s second biggest bank EFG Eurobank Monday said it has switched to a loss of EUR8.2 million in Romania in the first nine months, from a net profit of roughly EUR14 million in the year-...