The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
Another key topic of discussion with investors was the upgrade of medium-term guidance for the 2025-2026 period by several banks.
Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.
Bank of America (BofA) recently increased its target prices for several Greek banks, with the target price for Eurobank raised to €2.84 from €2.76.
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Leading global financial institutions, including Nomura, BNP Paribas, Bank of America, Citi, Goldman Sachs, and Morgan Stanley, are underwriting the issuance.
Eurobank agreed to acquire 12.848% Hellenic Bank’s shares for approximately 243 million euros, or 4.58 euros per share.
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization.
The email scam, supposedly sent from the National Bank of Greece, is titled “Transaction Security: Third Notice for Verification”
Alpha Bank underlines that despite these drawbacks, the construction building sector has shown positive performance since the beginning of the year, maintaining the growth trajectory of recent years.
Greek banks, it notes, are focused on mitigating the impact through strategic efforts like loan growth, increased fee income, and lower-than-anticipated deposit betas for 2026.
Attica Bank plans to raise €735 million to repay a Tier 2 bond and to support its growth.
Yannis Stournaras addressed the 'Risk Management & Compliance Conference' as a keynote speaker on Monday
Be alert regarding unusual behavior or situations (e.g., “too-good-to-be-true” offers, urgent requests for money, suspicious activity on your bank account or card).
The seller is expected to receive more than 700 million euros for 10% of the bank's shares.
This means that Greece could raise up to 727.2 million euros from the sale.
As UBS notes, the financial institution sector in Greece presents an appealing prospect for higher profit margins for prospective investors, with shareholders reaping the benefits
The long-term benefits of listing on the Athens Stock Exchange include enhancing the group's profile among the relevant regional investor base
The macroeconomic profile also reflects Greece's improved credit conditions, which are still characterized by high levels of non-performing loans (NPLs) compared to the European sector.
This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.