x

Society

Prominent Greek Banker Ioannis Costopoulos Dies at 83

ATHENS — The Hellenic Bank Association (HBA) expressed its condolences on Tuesday over the death of Yannis S. Costopoulos, citing him with a sector description as 'the patriarch of bankers' for his service at the helm of Alpha Bank and his contribution to the contemporary Greek banking system.

Costopoulos, a past president of the HBA, was born in 1938 and had studied naval engineering at King's College at Durham University. His banking career started in 1963 at the Commercial Credit Bank (Emborikis Pisteos). Originating from a family of bankers, he was associated with the history of Alpha Bank from 1996 to 2014, when he was recognized as emeritus chairman of the board.

Costopoulos was considered a pioneer in modernizing the Greek banking system and created Alpha Bank through a buyout of 51 pct of Ionian Bank's shares, in the largest privatization ever carried out in Greece and completed in 2000. In 2013, Alpha also acquired the shares of Emboriki (Commercial) Bank, transferred by Credit Agricole.

He foresaw the consolidation of the Greek banking sector as early as 2000, saying that buyouts and mergers would create larger, stronger and fewer banks, and tried one such merger with National Bank's Theodore Karatzas, but the deal fell through for reasons beyond their power in 2002.

Among his interests were promoting Greek culture, language and the arts in Greece and abroad, through the Ioannis F. Costopoulos Foundation. His interests included ancient coins, and he began the Alpha Bank Numismatic Collection in 1972. The collection currently holds 11,000 coins of the ancient Greek world and is considered one of the outstanding ancient coin collections globally.

RELATED

KARDITSA, Greece - Months after investigations were started into the issuance of false COVID-19 documents, an administrative employee and a nurse at a health center in Greece's northern city of Karditsa were fired, the Health Ministry said.

Top Stories

Church

BOSTON – The Holy Synod of the Patriarchate of Alexandria in its recent meeting dealt with the ecclesiastical coup perpetrated by the Patriarchate of Moscow in its canonical jurisdiction, calling it an “immoral invasion and intrusion.

Church

NEW YORK - Some 21 years after it was destroyed in the September 11, 2001 terrorist attacks in the United States that brought down the Twin Towers in New York City, the new St Nicholas Greek Orthodox Church rising in its place is among the most eagerly awaited architectural openings of 2022.

Events

STATEN ISLAND, NY – For yet another year, the community of Holy Trinity-St Nicholas in Staten Island honored couples celebrating 50+ years of marriage with a modest ceremony held at the church immediately following the Divine Liturgy on January 16.

Video

1 NYPD Officer Killed, 1 Severely Injured in Harlem Shooting (Vid)

NEW YORK (AP) — A New York City police officer was killed and another critically wounded Friday night while answering a call about an argument between a woman and her adult son, officials said, making four officers shot in the city in as many days.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.