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The IT outage, most pronounced in Australia, was caused by a Microsoft error. The company has acknowledged the situation, stating that it is addressing the technical issue

Moody’s on Monday upgraded the Baseline Credit Assessment (BCA) for two Greek bank institutions, the National Bank of Greece (NBG) and Piraeus Banks, specifically raising Piraeus’ rating to ba2 from ba3, and NBG’s to ba1 from ba2. Moody’s also upgraded its long-term and short-term deposit ratings for both ATHEX-listed Greek lenders, two of the four […]

The average interest rate on overnight deposits placed by households remained unchanged at 0.03%, while the corresponding rate on deposits by non-financial corporations remained almost unchanged at 0.17%

Sources within the bank anticipate that this investment will propel Eurobank's stake up to 65% by the summer, paving the way for its proposed absorption of the Cypriot bank.

Axia, one of the foreign analysts, considers the dividend approval as a crucial step towards the normalization of Greek banks post the 2010-2015 crisis.

Greek banks received ECB approval to resume dividend payments after 16 years and a painful debt crisis.

Analysts at the National Bank of Greece (NGB) estimate that in 2024 Greek tourism could achieve new records, with arrivals reaching 35 million tourists

Greek authorities assured all the visitors in Greece would return safely to their homes

Market pundits estimate the Tour Operator still owes approximately 2 million euros to hotels in Greece

Corporate deposits rose by 36 million euros in April 2024, a notable shift from the 1,278 million increase recorded in the previous month.

Provopoulos was BoG Gov. from 2008 to 2014, a period which witnessed an economic implosion due to a financial crisis and political instability

Proposal equals 0.063 euros per share and is up for approval by a Piraeus Bank general shareholders' assembly to convene in late June

March of this year saw an even more impressive surge, with non-resident arrivals spiking by 31.2% and revenues jumping by 34.2% compared to March 2023.

Piraeus Bank has forecast profits of roughly 900 million euros this year, rising to one billion euros next year

It noted they offered a good prospect for investors due to recent underperformance

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros

As the analysis notes, the long-term trend of household forecasts for their economic situation and unemployment is favorable, reaffirmed by their intentions for significant purchases and savings,

General inflation is expected to further decline in 2024 to 2.8%

The acquisition of Aegean Baltic Bank reflects substantial interest in banking investments and optimism surrounding Greece's economic growth.