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Alpha Bank plans $1 bln share issue to tap into stimulus projects


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LONDON Alpha Bank, one of Greece’s four largest lenders, plans to raise about 800 million euros ($975 million) in a sale of new shares to capitalize on lending opportunities at home as European Union recovery funds will flow in, it said on Monday.
The strategy update helped the bank’s shares rebound from a plunge of about 30% on Friday, rising 8.1% to 0.9764 euros in early Monday trade.
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Alpha Bank plans $1 bln share issue to tap into stimulus projects Back to video
The planned share sale will take place via a bookbuilding to international institutional investors and a public offering in Greece, targeting completion by mid-July, the bank said. ....

City Of , United Kingdom , Vassilis Psaltis , European Union , Hellenic Financial Stability Fund , Alpha Bank , நகரம் ஆஃப் , ஒன்றுபட்டது கிஂக்டம் , ஐரோப்பிய தொழிற்சங்கம் , ஹெலெனிக் நிதி ஸ்திரத்தன்மை நிதி , ஆல்பா வங்கி ,

Alpha Bank opens books on €800m raise

Greece’s Alpha Bank has launched an €800m capital raise to prepare for growth as the country benefits from the clean-up of non-performing loans and EU Next Generation funds. ....

Hellenic Financial Stability Fund , Alpha Bank , ஹெலெனிக் நிதி ஸ்திரத்தன்மை நிதி , ஆல்பா வங்கி ,

Greece's bumpy road to financial respectability


T
HESE ARE anxious days for Kyriakos Mitsotakis, the Greek prime minister. The country is due to welcome tourists from around 35 countries from May 15th, but hotel bookings are looking thin and covid-19 lingers. Unless tourism recovers, the economy will shrink for a second year.
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There is some good news, though. On April 23rd
S&
P, a rating agency, upgraded the country’s sovereign rating to
BB. (That is still below investment grade, which officials expect to reach next year.) The agency also upgraded the country’s four big banks, though all remain in junk territory because of high levels of non-performing loans. These came to about 33% of the banking sector’s loan book, before provisions the legacy of the debt crisis of 2010-18. ....

Perifereia Stereas Elladas , United States , Miranda Xafa , Kyriakos Mitsotakis , Martin Czurda , John Paulson , Centre For International Governance Innovation , Hellenic Financial Stability Fund , Telis Mistakidis , Helikon Investments , Alexander Blades , International Governance Innovation , ஒன்றுபட்டது மாநிலங்களில் , ஜான் பால்சன் , மையம் க்கு சர்வதேச ஆளுகை கண்டுபிடிப்பு , ஹெலெனிக் நிதி ஸ்திரத்தன்மை நிதி , ஹெலிகான் முதலீடுகள் , சர்வதேச ஆளுகை கண்டுபிடிப்பு ,