trending Market Intelligence /marketintelligence/en/news-insights/trending/X1JfGvAtXTK04vJ3x6nEqQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Piraeus Bank to sell Balkan subsidiaries

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Piraeus Bank to sell Balkan subsidiaries

Athens-based Piraeus Bank SA aims to off-load its subsidiaries in Bulgaria, Romania, Serbia, Albania and Ukraine along with some other assets, Reuters reported June 7, citing CEO Christos Megalou.

Megalou told reporters that slimming down by selling assets is a part of its plan to reduce foreign exposures. The bank also has a new strategy to create a "Piraeus Legacy Unit" to house, among other things, loans from its recovery banking unit.

Piraeus is struggling with a large number of bad loans accumulated during Greece's economic recession. The bank took €3.3 billion in common shares and convertible contingent bonds from Hellenic Financial Stability Fund in November 2015, leaving the rescue fund with a 25% stake in Piraeus. It also plans to pay back €2 billion of convertible contingent bonds to the fund by 2020, the report noted.