November 15, 2019

Eurobank has completed the sale of two bad loan portfolios to fund Brook Lane containing 370 real estate assets as part of efforts to reduce nonperforming loans.
 

The deal, involving real estate worth 84 million euros has been signed and will be completed at the start...

November 13, 2019


Eurobank, Greece's third-largest lender, has put off making a final decision on the sale of its loan recovery unit FPS until it has a better picture of a plan Greece is putting together to help lenders offload bad debt.


In a board meeting held on Tuesday, the bank dec...

January 31, 2019

Greece's property landscape is set for yet another change with the entry of Italian risk management company Cerved.

On Thursday, Cerved announced that it has agreed to buy Eurobank Property Services (EPS) from Eurobank for eight million euros.

The decision marks a new en...

November 27, 2018

A merger between Eurobank and real estate investment company Grivalia is being touted in Greece as a major deal moving Greek lenders forward in their battle with bad loans but the agreement is not pleasing everyone. According to investment bank Wood, the merger has lan...

November 26, 2018


Eurobank, Greece's third largest lender, has purchased a majority stake in real estate company Grivalia in a deal valued at 780 million euros, the two companies said on Monday.

In an all share aquisition, the deal aims at strengthening Eurobank's capital base and reduc...

July 4, 2017

Greece's Eurobank sold its 20% stake in real estate investment company Grivalia as part of plans to spin off non core assets, the company said Tuesday.

The lender sold its stake for 178.2 million euros with some 10 million  shares going to Canada's Fairfax Financia...

May 31, 2017

Greece's Eurobank is testing the waters in calling for bids from investors to buy a landmark hotel it owns in the center of Athens, the King George Hotel.

In an announcement published Tuesday, the bank has called for non binding offers from investors who have...

May 23, 2017

Greek real estate investment company Grivalia, controlled by Toronto based Fairfax Financial Holding Ltd, reported a 10% rise in net profit for the first quarter of the year, boosted by higher rental income from its new investments, the company said in a statement Mond...

February 8, 2017

Eurobank has sold the 691 room Capsis resort hotel in Rhodes to a Greek investor for some 30 million euros, a Greek website reported Wednesday.

Naftemporiki,gr said that hotel owner Nikos Koutras, who owns two hotels on the island of Kos, has agreed to buy Capsis Hotel...

January 18, 2017

Through its subsidiary Grivalia Hospitality, the Greek company said that it purchased a 60% stake of the Pearl Island Project from Dolphin Capital Investors (DCI).

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