greek stocks dip 458 amid fears of cyprus bailout
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Piraeus Bank absorbs €21bn from local units

Greek stocks dip 4.58% amid fears of Cyprus bailout

Arab Today, arab today

Arab Today, arab today Greek stocks dip 4.58% amid fears of Cyprus bailout

Banks in Cyprus have remained close for an 11th day as crisis grows
Athens - Arabstoday

Banks in Cyprus have remained close for an 11th day as crisis grows The Greek stock market lost 4.58 percent in midday trading on Tuesday while investors waited for finalised details on how to absorb local units of Cypriot banks that were expected later in the day according to Piraeus Bank.
The Athex index fell to 886.57 points after already losing 2.44 percent at the open.
A sub-index of banking stocks was off by 4.11 percent meanwhile, as subsidiaries of two Cypriot banks, the Bank of Cyprus (BoC) and Laiki said in a statement that they would maintain a suspension of trading in their shares that began last week.
Greek press reports said that Piraeus Bank, the third largest Greek bank, was set to move up to number two once it absorbed the local units of the two Cypriot banks, which would add €21bn ($27bn) in credits, and €13bn in deposits spread across 330 branches staffed by 5,500 employees.
Piraeus was thus set to exceed €100bn in assets, with outstanding loans of €70bn and €52bn in deposits, according to the semi-official press agency Ana.
In Cyprus meanwhile, banks remained closed for an 11th day amid a crisis that erupted within the framework of an international bailout deal, and which led on Tuesday to the tendered resignation of BoC chairman Andreas Artemis

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek stocks dip 458 amid fears of cyprus bailout greek stocks dip 458 amid fears of cyprus bailout

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

greek stocks dip 458 amid fears of cyprus bailout greek stocks dip 458 amid fears of cyprus bailout

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday