Wednesday Jul 23, 2014 Search
Weather | Athens
31o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Emporiki race enters last stretch

Besides National Bank, the two other suitors for Emporiki Bank -- Alpha and Eurobank -- also tabled revised offers on Friday and are eagerly anticipating news from French parent company Credit Agricole in the new week.

On Friday, all three Greek lenders announced that, in response to a demand by the French group, they had submitted revised binding offers to acquire 100 percent of Emporiki.

It appears that Credit Agricole will decide which bid it will choose based on the guarantees they intend to supply to the French bank for the maintenance of its open line of liquidity, amounting to some 1.9 to 2 billion euros, according to sources from the group. “The quality of guarantees will be the decisive element for the board’s verdict,” a Credit Agricole source has said.

The French appear willing to accept assets as guarantees, including loans to domestic and mainly foreign companies with a high credit rating, so that it will not have to burden its own financial figures with the credit line it plans to keep open in Greece.

ekathimerini.com , Sunday September 16, 2012 (21:50)  
EU clears National Bank of Greece´s restructuring plan
Greek economy to grow 0.7 percent this year, IOBE says [Update]
Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Structural reforms preferable to wage cuts, IMF experts say
EU praises Greece’s progress in departure from troika criticism
Overhauls in Greek markets, the economy and public administration are delivering results, the European Commission said Wednesday, signaling divisions among official creditors over the countr...
KKE chief slams Israel´s Gaza offensive
Communist Party (KKE) chief Dimitris Koutsoumbas has accused Israel of engaging in “genocide” against Palestinians as Tel Aviv's offensive in Gaza Strip continued. “Despite the problems faci...
Inside News
TRACK & FIELD
Athens, the Marathon capital of the world for good
Paco Borao, the man who restored Athens as the Marathon capital of the world with the establishment at the Olympic Sports Center of the headquarters of the International Association of Marat...
TRACK & FIELD
Pole vault record on same day as three doping cases
Greek track and field had a mixed weekend, as on the same day as Katerina Stefanidi matched the national record in pole vault as well as the leading result in Europe so far this season, thre...
Inside Sports
COMMENTARY
Front-line threats
Ongoing developments in the country’s broader neighborhood are creating new challenges as well as threats in terms of the country’s interests. While the Middle East is turning into a big bla...
EDITORIAL
Testing behavior
No country is capable of functioning properly without having an elementary evaluation system in place to assess its public sector employees. In Greece, a country where the lowest common deno...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. EU clears National Bank of Greece´s restructuring plan
2. EU praises Greece’s progress in departure from troika criticism
3. KKE chief slams Israel´s Gaza offensive
4. Greek economy to grow 0.7 percent this year, IOBE says [Update]
5. Former SDOE chiefs given more time to prepare their defense
6. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
more news
Today
This Week
1. Hedge fund Dromeus turns Greek tragedy to triumph with 160 pct gain
2. Front-line threats
3. Testing behavior
4. Parts of Thessaloniki university campus sealed off as police investigate bomb threat
5. Police release new photos of fugitive Roupa
6. Greek economy expected to grow 0.7 pct in 2014, IOBE think tank says
Today
This Week
1. Ex-Credit Suisse banker taps lesson for Greek rebound
2. The cost of excellence
3. Greece seen in third bailout as bonds not enough, economists say
4. Climber dies in Mount Olympus fall
5. Summer storms cause problems in Thessaloniki, spread across the country
6. Greek banks able to tap investors after stress tests, HFSF Says
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.