The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1
The latest official figures by the Bank of Greece (BoG) confirm that residential rents continue to rise throughout Greece, with the northern metropolis of Thessaloniki leading the way with an average 9.1% increase year-on-year in the cost of registered residential leases in the first quarter of the year. The figures hold more weight than similar […]
The Greek government, as noted by the Financial Times, provided 50 billion euros to the country’s four largest banks during its prolonged debt crisis.
Through the issuance of new bonds recently, the banks have significantly improved their capital positions while at the same time reducing the average cost of servicing their obligations.
Reduction of the instant payment fee via internet and mobile banking for amounts up to 500 euros from 2.50 to 1.50 euros.
However, more recently, Greece appears to be temporarily decoupling from the typical peripheral exposure to this risk factor, BofA notes.
The AT1 issue was greeted with high demand by more some 250 international and domestic investors, with the amount offered reaching 2.9 billion euros
Attica Bank CEO Eleni Vrettou termed the merger as a historic move for the non-systemic bank
Attika Bank informed its shareholders of the absorption of Pancreta Bank, following its initial announcement of the deal on July 24th.
Israeli forces are engaged in a major operation targeting militants in the Palestinian territory
Alpha Bank, Eurobank, National Bank, and Piraeus Bank are the Greek banks likely to record historical highs in profitability, paving the way for even greater shareholder rewards in 2025, with 35% of 2024 profits expected to be returned.
Greece showed improved performance but still lags behind the EU average
Morgan Stanley executive and a former U.S. prosecutor were on boat with tech entrepreneur Mike Lynch
Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday
Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.
In its report, DBRS analyzed Q1 results for the four major Greek banks—Alpha Bank S.A., Eurobank S.A., National Bank of Greece S.A., and Piraeus Bank S.A.
UBS maintained a buy recommendation for both the systemic banks
The results were a 26% increase compared to the same period in 2023
Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts
Voting in favor were deputies of ruling New Democracy (ND) and the lesser opposition PASOK party.