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.
BofA projects growth of 1.1% in 2024 and 1.7% in 2025, compared to forecasts for eurozone growth at 0.4%/1.1%, respectively
In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well.
This reflects a surplus of 112.6 million euros in January 2024 for the tourism balance, compared to a surplus of 54.6 million euros in the same month of 2023
As the BoG reveals, from early 2018 until the end of 2023, average housing sales prices at the national level have increased by 60%.
A major lender in Dubai has scaled back Russia-related business, while Turkish lenders have become more cautious
DB attributes the robust performance to multiple factors, including significantly improved profitability and resilience, as well as enhanced market liquidity following the allocation of shares of the Hellenic Financial Stability Fund (HFSF).
The surplus was attributed primarily to improvements in the secondary income balance and, to a lesser extent, the services balance
"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said
Investments and private consumption are expected to be the key drivers of economic activity in the coming years
The Bank of Greece Governor says the ECB should not be swayed by the US Federal Reserve and must cut rates at least twice before summer
Last November, a 22% stake in the National Bank was sold, generating over 8 times oversubscription across international and Greek markets.
Kostis Hatzidakis emphasized the government's dual role in the new era for the banking system: ensuring conditions for a resilient banking system and fostering competition among banks, akin to practices in advanced European nations.
The CEO of the HFSF announced that offers exceeded even their most optimistic estimates
Ratings firm considered the strictest of its peers, and the only one that still hasn't restored Greece's sovereign rating to investment grade