HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Browse through our Interesting Nodes of Greek News Agencies
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Monday, 23 October 2017
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens News Agency: News in English, 09-09-22

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Aspis Bank: Insurance market turmoil has 'only limited impact' on results

  • [01] Aspis Bank: Insurance market turmoil has 'only limited impact' on results

    (ANA-MPA) -- Athens-based Aspis Bank on Tuesday said its management was totally independent from the insurance companies included in Aspis Group, adding that its activities were not fundamentally affected by recent developments in the insurance sector.

    In a statement, the bank said the percentage of direct participation of Aspis Life and Aspis General Insurance companies in Aspis Bank's equity capital totaled 19.71 pct, while the bank's equity participation in Aspis Insurance totaled 9.97 pct. Aspis Bank said it was offered secured loans and letters of guarantee to the two companies worth 4.9 million euros.

    Aspis Bank said it enjoyed high liquidity, fully complying with rules over capital requirements. The bank said its participation in Aspis Insurance will burden the bank's results by 13 million euros, while equity capital will be burdened by around 5.0 million euros. The bank said an equity capital increase plan, worth 120 million euros, would proceed as planned.

    Greece's insurance market watchdog on Monday to revoke the operating licenses of five insurance companies within the Aspis Group.


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright 1995-2016 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Tuesday, 22 September 2009 - 14:30:27 UTC