3 bln euros he and his co-investors pumped into Eurobank Ergasias
, the third-largest bank, Ross was more subtle.
Piraeus Bank SA jumped 14 percent and Eurobank Ergasias
SA gained 13 percent.
and Piraeus Bank are both in Romania and Bulgaria with the former also in Serbia.
National Bank of Greece SA (NYSE: NBG), Piraeus Bank, Eurobank Ergasias
and Alpha Bank saw their ratings being downgraded.
I elia sta diagrmata giris ke i simasia tis apo istorikoarcheologiki apopsi, in ELIA KE LADI: triimero ergasias
Kalamata 7-9 Maiu 1993: 78-91.
Greek wages have plummeted to their lowest levels in more than a decade, reports Eurobank Ergasias
The Long-term Issuer Default Ratings (IDRs) of National Bank of Greece, EFG Eurobank Ergasias
, Alpha Bank, Piraeus Bank and Agricultural Bank of Greece remain on their Support Rating Floors (SRF) at 'B-' and continue to reflect Fitch's assumption that international support from the IMF/EU/ECB in respect of Greek banks' re-financing, liquidity and recapitalisation will remain in place during and on completion of Greece's debt exchange.
Other recent Qatari investment in Greece includes the planned merger of EFG Eurobank Ergasias
and Alpha Bank to form Greece's largest bank, with Qatari-backed Paramount Services holding the biggest stake.
The agency downgraded National Bank of Greece SA, EFG Eurobank Ergasias
SA, Alpha Bank AE, Piraeus Bank SA, Agricultural Bank of Greece and Attica Bank SA to Caa2 from B3.
Moody's Investors Service downgraded National Bank of Greece, EFG Eurobank Ergasias
, Alpha Bank, Piraeus Bank, Agricultural Bank of Greece and Attica Bank to CAA2 from B3.
However, Dugan cited the example of Qatari-backed Paramount Services Holding's role in the merger of Greek banks EFG Eurobank Ergasias
SA and Alpha Bank SA.
The unspoken rationale for the merger of Greek banking groups EFG Eurobank Ergasias
and Alpha Bank - avoiding nationalisation and further battering the confidence, low as it is, of financial markets in the Greek economy - will make waves across South Eastern Europe, Bulgaria included.