Arab Today, arab today privatisation of greek postal bank fails
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

Privatisation of Greek postal bank fails

Arab Today, arab today

Arab Today, arab today Privatisation of Greek postal bank fails

Athens - AFP

An attempt to privatise the Hellenic Postbank flopped on Friday without any interest in bidding, a banking source said, adding that the bank would probably have to be broken up. "Barring a last-minute development, (Hellenic Postbank) will have to be broken up" to attract interest, the source told AFP. The Bank of Greece is expected to make an official announcement later in the day. The top three Greek banks -- National Bank, Alpha Bank and Eurobank -- and smaller Attica Bank had expressed varying degrees of interest in the sale last week.A minor but well-capitalised lender, Hellenic Postbank took a serious blow last year from a restructuring of Greek sovereign debt. Its shares were suspended in August after a run by shareholders following statements from the finance minister that the bank had become "unsustainable". The Greek state has a 34-percent direct stake in the postal bank and controls another 10 percent through its majority ownership of the Greek postal service, which is also up for sale. A breakup solution was used at the end of July for ailing state lender ATEBank, the healthy part of which was absorbed by Greece's fourth-biggest bank, Piraeus Bank.

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*

Arab Today, arab today privatisation of greek postal bank fails Arab Today, arab today privatisation of greek postal bank fails

 



Arab Today, arab today

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*

Arab Today, arab today privatisation of greek postal bank fails Arab Today, arab today privatisation of greek postal bank fails

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
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