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BofA: Greek Banks Becoming More Appealing

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.

BofA: Greek Banks Becoming More Appealing

DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts

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).

DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts

JP Morgan Remains ‘Bullish’ on Greek Banks

JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization.

JP Morgan Remains ‘Bullish’ on Greek Banks

Morgan Stanley Sees Resilient Growth for Greek Banks Amid Rate Cuts

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.

Morgan Stanley Sees Resilient Growth for Greek Banks Amid Rate Cuts

Greek Banks Leverage ECB Policy and Credit Upgrades to Lower Costs

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.

Greek Banks Leverage ECB Policy and Credit Upgrades to Lower Costs

Restructuring of Greek Banks Wraps Up in 2024

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.

Restructuring of Greek Banks Wraps Up in 2024

DBRS Morningstar’s ‘Vote’ of Confidence for Greek Banks

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.

DBRS Morningstar’s ‘Vote’ of Confidence for Greek Banks

Foreign Analysts Give Votes of Confidence to Greek Banks

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.

Foreign Analysts Give Votes of Confidence to Greek Banks

ECB Approves 1st Dividend Payouts to Greek Banks, Cuts Rates by 25pts

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

ECB Approves 1st Dividend Payouts to Greek Banks, Cuts Rates by 25pts

Deutsche Bank: Greek Banks Remain a Profitable Prospect

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).

Deutsche Bank: Greek Banks Remain a Profitable Prospect

Moody’s Note Positive for Greek Banks Ahead of March 15 Evaluation

Ratings firm considered the strictest of its peers, and the only one that still hasn't restored Greece's sovereign rating to investment grade

Moody’s Note Positive for Greek Banks Ahead of March 15 Evaluation

Distributing Profits to Shareholders – Greek Banks Assessing the Situation

In Greece, the discussions between the four systemic groups and the system supervisor regarding the distribution of dividends from last year's profits are reaching their final stages, with favorable terms

Distributing Profits to Shareholders – Greek Banks Assessing the Situation

Greek Banks: State to Fully Sell-off Shares by Autumn

Eurobank became the first completely restored private bank, with the repurchase of the state's stake (1.8%) in October 2023.

Greek Banks: State to Fully Sell-off Shares by Autumn

JP Morgan: Foreign Investors Maintain Interest in Greek Banks

Demand for Greek assets remains high, as reflected in recent market transactions, with upward macroeconomic prospects, low domestic political risk, and positive catalysts, JP Morgan notes

JP Morgan: Foreign Investors Maintain Interest in Greek Banks

Greek Banks’ HQs Eye Central Athens, After Coastal Relocation Set Aside

Eurobank last week announced that its top management have already been relocated to the Bodosakis Building, renamed the “Eurobank Headquarters”, a noted structure in the heart of Athens.

Greek Banks’ HQs Eye Central Athens, After Coastal Relocation Set Aside

Competition Commission Issues Massive Fines Against Greek Banks for Excessive Fees

Just as eyebrow-raising is a 1.55-million-euro fine against the Hellenic Bank Association.

Competition Commission Issues Massive Fines Against Greek Banks for Excessive Fees

London Roadshow: Greek Banks Optimistic for Future

Optimism pervaded discussions about dividend distribution from 2023 profits, with talks with regulators in preliminary stages.

London Roadshow: Greek Banks Optimistic for Future

Moody’s on Greek Institutions, Banks, Warns of Demographic Problem

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.

Moody’s on Greek Institutions, Banks, Warns of Demographic Problem

JP Morgan Raises Bar for Greek Systemic Banks

Except for Eurobank, for which it retains the target price at €2.60, JP Morgan has increased its target prices for Alpha Bank to €2.50 from €2.20, National Bank of Greece to €8.40 from €8.10, and Piraeus Bank to €5.00 from €4.65

JP Morgan Raises Bar for Greek Systemic Banks

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