(IN BRIEF) The European Bank for Reconstruction and Development has sold its entire 5 per cent holding in the Bank of Cyprus, amounting to over 22.4 million shares, through an accelerated bookbuild on the Athens Stock Exchange. The EBRD first … Read the full press release
Posted in Banks, Business, Cyprus, Economy, Financial, Government, Industrial, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged accelerated bookbuild, Athens Stock Exchange, ATHEX, Bank of Cyprus, banking sector, Cyprus, EBRD, European Bank for Reconstruction and Development, eurozone crisis, financial sector recovery, Governance, Kristina Zagar, non-performing loans, partnership, recapitalisation, restructuring, Return on equity, stake sale
Brussels, 6-5-2013 — /europawire.eu/ — The European Commission has concluded that liquidation aid granted by Greece in favour of Agricultural Bank of Greece (ATE Bank) was in line with EU state aid rules. In particular, the Commission found that the aid was … Read the full press release
Posted in Banks, Belgium, Business, European Union, Financial, Government, Greece, Investment, Law, Politics
Tagged Agricultural Bank of Greece, assets, ATE Bank, bad bank, EU state aid rules, liabilities, liquidation aid, PIRAEUS BANK, recapitalisation, state aid
Paper on the framework for resolution of credit and other institutions 16-4-2013 — /europawire.eu/ — In response to media reports with regard to a paper by the European Central Bank (ECB), in relation to the recovery and resolution of banks, the … Read the full press release
Posted in Banks, Business, Cyprus, Economy, European Union, Financial, Government, Law
Tagged bail-in, bridge bank, credit, credit institutions, Cyprus, deposits, deposits into shares, financial crisis, funds, insured deposits, investment firms, Laiki Bank, liabilities, public funding, recapitalisation, recovery, restructuring debts, shares, transferring assets, Troika, uninsured deposits
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