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Marfin Egnatia Bank

Type: Company

Name: Marfin Egnatia Bank

First reported 19 hours ago - Updated 19 hours ago - 1 reports

Marfin-Laiki merger cost Cyprus €4b

By George PsyllidesTHE ISLAND’S banking system incurred losses of at least €4.0 billion through the merger of Greek lender Marfin Egnatia with the now defunct Laiki Bank, MPs heard yesterday.A Greek MP told the House Ethics Committee that the “scandal” ... [Published Cyprus Mail - 19 hours ago]

Entities: Marfin Egnatia Bank, Mergers & Acquisitions, Cyprus

First reported May 22 2013 - Updated May 22 2013 - 1 reports

Sale of Greek banks ‘could cost BoC millions’

Author: George PsyllidesBANKERS yesterday criticised as unfair a deal to sell the Greek operations of the island’s banks as part of a €10 billion bailout deal Cyprus signed with international lenders.The operations of all three Cypriot banks – Bank ... [Published Cyprus Mail - May 22 2013]

Entities: Andreas Vgenopoulos, Michalis Sarris, Cyprus

First reported May 14 2013 - Updated May 14 2013 - 1 reports

Worker points to lack of safety in Marfin trial

The trial of four bank executives in connection to the fatal fire at a branch of Marfin Egnatia in central Athens in May 2010 continued on Tuesday with one of the employees who escaped the blaze that day telling judges that the building lacked emergency ... [Published ekathimerini.com Latest News - May 14 2013]

Entities: Workers, Marfin Egnatia Bank, Athens, judges

First reported Apr 17 2013 - Updated Apr 17 2013 - 1 reports

Trial of bank officials over 2010 Marfin deaths in central Athens begins

The trial of four officials of the Stadiou Street Marfin Egnatia Bank branch in central Athens in connection with the death of three employees in a fire caused by protesters in May 2010 began on Wednesday with the testimony of the father of one of the ... [Published ekathimerini.com Latest News - Apr 17 2013]

Entities: Athens, Marfin Egnatia Bank, Testimony

First reported Feb 02 2013 - Updated Feb 02 2013 - 1 reports

Suspect in deadly arson attack released due to lack of evidence

A 32-year-old man charged in connection with an arson attack on a branch of Marfin Egnatia Bank in May 2010 that killed three people was granted conditional release late on Friday after a magistrate deemed that there was insufficient evidence to keep ... [Published ekathimerini.com Latest News - Feb 02 2013]

Entities: Marfin Egnatia Bank

First reported Feb 01 2013 - Updated Feb 01 2013 - 1 reports

One suspect in Marfin arson attack granted conditional release

One of two suspects facing murder charges in a case involving heavy rioting in Athens in 2010 was granted conditional release by an investigative magistrate on Friday. Three bank employees died following an arson attack on a Marfin Egnatia Bank branch ... [Published eKathimerini.com - Feb 01 2013]

Entities: Marfin Egnatia Bank, Athens, Rioting, Testimony

First reported Jan 30 2013 - Updated Jan 30 2013 - 1 reports

Two to answer for fatal Marfin bank blaze

Two-and-a-half years after three people died in an arson attack on a branch of Marfin Egnatia Bank in central Athens during an anti-austerity rally, two suspects are to face an investigative magistrate tomorrow on murder charges.The two men have been ... [Published ekathimerini.com Latest News - Jan 30 2013]

Entities: Marfin Egnatia Bank, Athens

First reported Jan 30 2013 - Updated Jan 30 2013 - 1 reports

Two suspects to face prosecutor in fatal Marfin attack

Two suspects are expected to face an investigative magistrate on Friday over criminal charges regarding a fatal arson attack on a Marfin Egnatia Bank branch in central Athens on May 5, 2010. Three bank employees died during the attack which took place ... [Published ekathimerini.com Latest News - Jan 30 2013]

Entities: Marfin Egnatia Bank, Athens, Criminal

Quotes

"Eighteen months after the departure of Laiki's management under my chairmanship, no relevant evidence of deceit or illegal personal gain has been exposed, simply because none exists."

Court freezes former Laiki strongman’s assets [Published Cyprus Mail - Jun 01 2013]

...said even the recession scenario set outout in the budget appeared optimistic, given Greece's slow reform efforts and a weakening eurozone economy "Chances are the budget targets will be missed because of the deeper recession which the cuts will bring and the inability to meet privatisation targets" said Xenofon Damalas, head of investment services at Marfin Egnatia Bank

Greece forecasts sixth year of recession and brings forward cuts [Published Telegraph - Oct 01 2012]

...even the recession scenario set outout in the budget appeared optimistic, given Greece's slow reform efforts and a weakening euro zone economy. "Chances are the budget targets will be missed because of the deeper recession which the cuts will bring and the inability to meet privatisation targets,» said Xenofon Damalas, head of investment services at Marfin Egnatia Bank. Troika officials were jeered by dozens of supporters of the right-wing Independent Greeks party waving Greek flags and shouting «out with the troika» as they entered the finance ministry on Monday. Belt-tightening has taken a toll on economic activity, suppressing domestic demand and driving the jobless rate to a record of almost 25 percent. This year's primary deficit - which excludes debt servicing costs - is expected to exceed a targeted 1.0 percent of GDP. The finance ministry sees the primary deficit at 1.5 percent of national output in 2012. [Kathimerini & Reuters]"

Troika completes meeting with Stournaras, set for talks with PM [Published eKathimerini.com - Oct 01 2012]