piraeus
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Piraeus Sells ATE Bank Romania To Local Investors For EUR10M - Sources
Greece’s Piraeus Bank Wednesday sold the Romanian subsidiary of ATE Bank to local investors for about EUR10 million, people familiar with the matter told Mediafax.
Bank Turns Into Real Estate Developer
The real estate arm of Piraeus Bank, Piraeus Real Estate, will invest several million euros to complete six apartment buildings part of the Seasons Residence complex in Brasov (central Roman...
Piraeus Wants To Sell ATE Insurance Romania
Greek group Piraeus, which took over the Romanian operations of ATE Bank (Greece’s Agricultural Bank), intends to sell the Romanian-based insurance firm affiliated to ATE Insurance Romania,...
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
Greek Banks Have Fewer Loans In Their Balance Sheets, Deposits Are EUR1B Lower
The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees.
Price Of Gold Has Risen 30% In Past Year, But Gold Bars Only Bring 5% Profit
Thousands of Romanians rushed to buy gold in the last few years, attracted by price increases and the hope of big and sure gains, but bank fees end up eating almost their entire profit.
Romanians Keep Kilos Of Gold In Swiss Banks
Certinvest, the largest independent asset manager providing personalized services, bought more than ten kilos of gold worth an estimated EUR350,000 for some of its clients looking for an inv...
Austrian Banks Have Highest Exposure To Romania
Austrian banks had an almost EUR33 billion exposure to Romania at the end of last year, followed by Greek lenders, which were far behind, with assets worth EUR15 billion on the local market.
Greek Banks Invested Over EUR1B In Romanian Real Estate
The Greek banks on the local market--Bancpost, Alpha, Piraeus and Banca Romaneasca--have fed at least EUR1 billion into some of the most important real state projects carried out in Romania...