{"id":19620,"date":"2022-01-18T01:01:20","date_gmt":"2022-01-17T23:01:20","guid":{"rendered":"https:\/\/bestinsurance.gr\/a1\/?p=19620"},"modified":"2022-01-18T01:01:20","modified_gmt":"2022-01-17T23:01:20","slug":"piraeus-bank-is-said-to-explore-bid-for-hsbcs-greek-operations","status":"publish","type":"post","link":"https:\/\/bestinsurance.gr\/a1\/archives\/19620","title":{"rendered":"Piraeus Bank Is Said to Explore Bid for HSBC\u2019s Greek Operations"},"content":{"rendered":"<p><span style=\"color: #000000;\">(Bloomberg) &#8212;\u00a0Piraeus Bank\u00a0is exploring a bid for the Greek operations of\u00a0HSBC Holdings Plc, according to people familiar with the matter.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">The two banks have held talks, but no decision has been made, said the people, who declined to speak publicly as the information is private.\u00a0<\/span><\/p>\n<p><span style=\"color: #000000;\">HSBC has\u00a015 branches\u00a0in Greece and has operated in the country since 1981, according to its\u00a0website. Under Chief Executive Officer\u00a0Noel Quinn, the London-headquartered lender is pushing through a\u00a0global restructuring\u00a0that has already seen it offload retail operations in both France and the U.S. as it streamlines its operations outside Asia.<\/span><\/p>\n<p><span style=\"color: #000000;\">A spokesperson for Piraeus declined to comment. A spokeswoman for HSBC said in a statement the bank was conducting a strategic review of its Greek business. \u201cNo final decision has been taken and all options are being considered,\u201d she said.<\/span><\/p>\n<p><span style=\"color: #000000;\">Piraeus is the second-biggest bank by assets in Greece and has reduced its non-performing exposure ratio to 16% at the end of September, down from 46% six months ago. The aim is to further cut the soured debt to lower than 3% in the medium term.<\/span><\/p>\n<p><span style=\"color: #000000;\">In April, Piraeus concluded a 1.4 billion-euro ($1.6 billion) share capital increase to boost its capital buffers. Billionaire investor\u00a0John Paulsonsignificantly\u00a0increased\u00a0his holding through the capital hike, while the country\u2019s bank recapitalization fund reduced its stake.<\/span><\/p>\n<p><span style=\"color: #000000;\">&#8211;With assistance from\u00a0Paul Tugwell.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Bloomberg) &#8212;\u00a0Piraeus Bank\u00a0is exploring a bid for the Greek operations of\u00a0HSBC Holdings Plc, according to people familiar with the matter.\u00a0 The two banks have held talks, but no decision has been made, said the people, who declined to speak publicly as the information is private.\u00a0 HSBC has\u00a015 branches\u00a0in Greece and has operated in the country<\/p>\n","protected":false},"author":1,"featured_media":15206,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[],"class_list":["post-19620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/comments?post=19620"}],"version-history":[{"count":2,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19620\/revisions"}],"predecessor-version":[{"id":19622,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/posts\/19620\/revisions\/19622"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media\/15206"}],"wp:attachment":[{"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/media?parent=19620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/categories?post=19620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bestinsurance.gr\/a1\/wp-json\/wp\/v2\/tags?post=19620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}