PIRAEUS BANK
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APS and EBRD Buy EUR400M Worth of NPLs in Romania from Piraeus Bank
The European Bank for Reconstruction and Development (EBRD) and APS, a leading non-performing loan (NPL) management firm in Europe, are jointly investing in a funded participation concerning a portfolio of around 2,000 sub-performing and non-performing loans i...
Revetas Buys Landmark Office Space Project From Piraeus Bank
Piraeus Bank sold the Landmark office space project in Bucharest’s Romana Square to investment fund Revetas Capital. According to ZF’s calculations this should be a EUR60 million to EUR70 mi...
Piraeus Bank Becomes First Bank as of Oct 1
Piraeus Bank Romania, the 11th largest bank in Romania by assets, has changed its name to First Bank starting October 1 to mark its new ownership structure, the bank said in a press release...
Revetas Capital About To Buy Landmark Office Buildings From Piraeus Bank
Piraeus Bank is about the sell the Landmark office buildings in Piata Romana area to real estate asset manager Revetas Capital, ZF has learnt.
Investment Fund JC Flowers Takes Over Piraeus Bank Romanian Unit
Private equity fund JC Flowers has taken over the Romanian unit of Greek lender Piraeus Bank, following a long period of negotiation.
First Platform For Sale Of Banking Products Through Video-Audio Interaction Launched In Romania
Piraeus Bank Romania will be launching, mid-June 2017, the first platform in Romania for the sale of banking products through video-audio interaction, called Piraeus LiveShop.
Romcab Targu-Mures Borrows RON23M From Piraeus Bank
Romanian cable maker Romcab Targu-Mures (MCAB.RO) will borrow EUR5 million (RON23 million) from Piraeus Bank to finance the current activities and the investment projects of the company.
Piraeus Bank Set Up Provisions Of EUR9M For Loans Subject To Debt Discharge Law
Piraeus Bank set up provisions (reserves covering potential risks) worth EUR9 million for loans that might fall under the debt discharge law, bank representatives said on Wednesday.
Piraeus Bank Cuts Required Down Payment On Mortgage Loans To 20%
Piraeus Bank has decided to cut the down payment required on mortgage loans in lei to 20%, after it was increased to over 40% in May due to implementation of the law on debt discharge.