Thursday 28 March 2024
 
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Piraeus Bank

Ahli buys Greek lender Piraeus' Egyptian unit

Al Ahli Bank of Kuwait (ABK) said it has signed a deal with Piraeus Bank, one of the largest private lenders in Greece, to acquire 98.5 per cent of its Egyptian unit as part of its regional expansion strategy. This marks the compl

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Kuwait's Al Ahli Bank to buy Egyptian lender

Kuwait's Al Ahli Bank received approval from the Gulf state's central bank to buy Piraeus Bank's Egyptian unit, it said on Monday. Al Ahli Bank was still waiting for assent from Egypt's central bank for the deal, i

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Kuwait's Al Ahli Bank buying Egypt bank for $150m

Kuwait's Al Ahli Bank will pay about $150 million to acquire 98.5 per cent of the Egyptian unit of Greece's Piraeus Bank, the Kuwaiti lender said on Thursday. The transaction, which requires approvals from the central bank

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StanChart ends talks to buy Egypt bank

Standard Chartered has ended talks to acquire the Egyptian unit of Greece's Piraeus Bank because of a worsening economic climate, Piraeus said. Egypt's crisis-hit economy suffered a fresh blow last week when street violence and pol

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Egypt approves Piraeus unit sale process

Egypt's central bank said on Monday it had given preliminary approval for Standard Chartered  to start due diligence with a view to buying the Egyptian unit of Greece's Piraeus Bank. Standard Chartered has said it is considering buyin

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