Search Results: bank

Fitch Ratings Agency upgraded the four systemic Greek banks in its latest report. The National Bank of Greece (NBG) and Eurobank lead the way, as their ratings were raised to “BBB-” from “BB+” with a stable outlook. Meanwhile, Alpha Bank and Piraeus Bank were upgraded to “BB+” from “BB,” with a positive outlook. NBG’s upgrade reflects […]

The Greek Church is reportedly in the process of becoming a partner in setting up a “digital bank”, also known as Financial Technology (FinTech), similar to the widely used Revolut app. FinTech encompasses the use of mobile applications, software, and other technology that enable users and enterprises to access and manage their finances digitally Sources […]

The "Easter Basket" which will likely go into effect on Wednesday, April 9, and remain until Holy Saturday, April 19, will traditionally include lamb, goat, Easter bread, chocolate Easter eggs, and other chocolate-based products.

The Bank of Greece has reported a decline in private sector deposits for the second consecutive month.

The four systemic Greek banking groups achieved combined net profits of approximately 4.3 billion euros last year, primarily driven by their organic results.

With a one-day delay, Moody’s upgraded Alpha Bank and Piraeus Bank, following the recent upgrade of the Greek economy. The credit rating agency had already upgraded the other two systemic banks, National Bank of Greece and Eurobank, as well as Attica Bank, the previous night. Specifically, Moody’s raised the credit ratings of Alpha Bank and […]

Moody’s Credit Ratings has upgraded Greek banks, shifting their outlook from positive to stable. Specifically, Moody’s upgraded the long-term deposit ratings and senior ratings of the National Bank of Greece (NBG) to Baa1 from Baa2, as well as its standalone Baseline Credit Assessment (BCA) to baa3 from ba1. The bank’s long-term Counterparty Risk Rating (CRR) […]

Bank of Greece (BoG) Governor Yannis Stournaras firmly ruled out any discussion regarding the reinstatement of the 13th and 14th salaries, speaking at the conference Ellada Meta VIII, co-organized by Kyklos Ideon (Circle of Ideas) -the Greek think tank- in partnership with the Delphi Economic Forum. The event focused on “Europe, Greece, and the Onslaught […]

Piraeus Financial Holdings S.A. announces that it has agreed to buy 90% of the Greek insurance company from CVC Partners Fund VII for €600mln.

The weighted average interest rate for new deposits remained steady at 0.45%.

Multinational investment bank Citigroup forecasts the rating of Greece will be raised by a notch within the next nine months from the top two credit rating agencies, S&P and Moody’s, which control 80% of the market. This would mean that S&P would assess Greece one level above “investment grade,” while Moody’s—currently the only one of […]

Inflation in Greece will settle at 2.5% in 2025, and stand slightly over 2% in 2026, according to a projection by the Bank of Greece (BoG). The report estimates the cost of living will record an uptick to 2.5% in 2027. As per the BoG report, inflation in Greece measured by the Harmonized Index of Consumer […]

Despite the sale, well-known investor John Paulson remains the largest shareholder of Piraeus Bank, retaining approximately 170 million shares, or 14% of the systemic bank lender

Travel revenues in Greece were up by 5.4% in December 2024  compared to the same month last year, as Greece remains a popular destination for foreign travelers, according to the Bank of Greece (BoG). Visitors from Germany, Italy and the U.S. made up the bulk of visitors to Greece, while tourists from the EU27 members […]

International financial services firm UBS says the valuation of the stocks of the National Bank of Greece (NBG) remains an appealing prospect for investors based on estimates although they have recovered from the lows of the fourth quarter of last year. The Swiss bank notes that while underlying profitability is expected to decline as interest […]

The public debt-to-GDP ratio is forecast to fall below 150% by 2025, aided by the primary budget surpluses reinforcing the Greek economy even more.

In the second edition of its monthly tracker, which analyzes industry data from the Bank of Greece, UBS notes that while corporate lending growth remains strong, December was a slower month.

Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).

Acting as an intermediary financial institution, the bank has been channeling funds to businesses of all sizes across Greece.

The Bank of Greece (BoG) projects the country’s economy will expand at a higher rate this year over the next 3-year period in a report. The BoG believes the GDP acceleration in 20205 will be buttressed by more rating upgrades from international credit agencies. In more detail, the central bank sees the economy growing by […]