Search Results: bank

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 […]

Piraeus Bank remains NBG Securities’ top pick, as it is viewed as unjustifiably undervalued compared to its Greek banking peers.

Under the new tariffs, no fees apply to payments of obligations to the government, social security organizations, utilities, and insurance companies.

Bank sources: Placement of 2.2% of Greek lender's shares by Watsa aims to meet regulatory condition of minority ownership below 33%

The total financing for the project amounts to €41.9 million

UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins

The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.

The measure comes after a finance ministry decision last month eliminating or reducing many of the online fees, and after repeated warnings by the Mitsotakis government to bank managements

The Hellenic Bank Association has issued a warning about Caller ID Spoofing, where fraudsters mimic banks to steal sensitive information and drain accounts.

Especially through IRIS, which is available via m-banking, it is possible to send up to 500 euros per day with no charges.