Will the Greek Economy put Finans Bank at Risk

[tel]

Interesting responses to date. So who owns Ing Bank as that sounds a good deal. Nobody keen on the Ziraat Bank then, as that's meant to be a safe option.

[nichola]

Its a Dutch bank - you can read the history up to 2009 on wikipedia - looks as good a bank as any!

They bought up Barings a few years ago adding to their value.

Seems they invest quite a bit in "emerging" market countries as well as so called developed ones - the ones that are now being bailed out by China!!!!

[Ovacikpeedoff]

National Bank of Greece which owns 80.4% of the shares in Finans bank has been downgraded and is determined to be too risky to invest in. 4 other Greek banks weredowngraded.

This evening should be interested because state of 91 banks will become known when the results of the stress tests on banks are announced. It is deliberate that the results are announced tonight as it allows the weekend to for those non performers to be suported and it will also avoid a run on bank shares.

[tony jenkins]

quote:Originally posted by BM06

quote:Originally posted by tinkerman

The bank manager at HSBC Fethiye told me three years ago his bank had nothing to do with my HSBC bank in the UK.

Correct Andy, different banking regulations totally run under the host country's banking rules and regs.

Thats not what Andy said BM06. Andy said his Manager said HSBC Fethiye had nothing to do with HSBC bank in the UK.
That is wrong, they are the same Bank. It goes without saying that they have to abide by the host country's banking rules.

[johnboy1967]

right so after all the scare mongering going on we talked to the finansbank staff and this what we have been informed. . . The Turkish goverment Will Not allow ANY money to be transfered to the bank of greece or any other country to bail them out. . . They are auditted Every month to check that out goings and in coming funds are on a par with each other, and are fined if they are not. . . So Greece Cannot take down Finansbank. . .  

[yabanci]

quote:Originally posted by Ovacikpeedoff



This evening should be interested because state of 91 banks will become known when the results of the stress tests on banks are announced.

National Bank of Greece passed the stress test for the 2nd year running.ATE Bank and EFG Eurobank were the two Greek Banks to fail.