Alpha Bank SA

The credit institutions that are considered systemically important and the safety reserve that each of them must have for 2025 has been determined by a decision of the Bank of Greece.

Greece’s Alpha Bank SA has launched a process to sell Athens-listed Ionian Hotel Enterprises (IHEr.AT), owner of the five-star Hilton Athens, Reuters reports citing a source familiar with the matter.

Alpha Bank, which holds 97.3 percent of IHE, wants to receive expressions of interest by a deadline of March 11.

According to the source, Citi is advising Alpha Bank on the sale.

By Eleni Chrepa and Nikos Chrysoloras

Forthnet SA, Greece?s largest pay-TV provider, is speeding up talks with creditors on refinancing, its chief executive officer said.

By Nikos Chrysoloras & Eleni Chrepa

Alpha Bank SA and Piraeus Bank SA (TPEIR) raised 2.95 billion euros ($4.07 billion) in new capital from foreign investors in the latest sign Greek lenders are bouncing back from the world’s biggest sovereign debt crisis that pushed them into isolation from international money markets.