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Despite a housing shortage in urban areas, Greek banks and servicers in the country hold residential property with a book value of more than eight billion euros

Addressing banking fees, the prime minister emphasized the need for a more competitive banking system that benefits borrowers and depositors alike.

Minister Costis Hatzidakis promised measures to deal with 3 main grievances vis-à-vis the country’s banks, namely, the spread between the paltry interest rates for deposits, as compared with rates tacked on to borrowing

Kyriakos Mitsotakis spoke during Parliament debate on a draft bill dealing with the minimum monthly wage rate, which was later ratified by a majority of deputies, 157 out of 300

The prime minister specifically referred to recent speculations regarding his government’s intention of imposing an extraordinary tax on banks, by dismissing any such prospect as unfounded.

Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows. The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the […]

The German bank highlights Greek banks are in the position to manage a possible cut in interest rates by the European Central Bank

The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel

Another key topic of discussion with investors was the upgrade of medium-term guidance for the 2025-2026 period by several banks.

Looking ahead to the next three years, Euroxx predicts that Greek banks will lead in dividend payouts, with distribution yields exceeding 10%.

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.

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).

Leading global financial institutions, including Nomura, BNP Paribas, Bank of America, Citi, Goldman Sachs, and Morgan Stanley, are underwriting the issuance.

Eurobank agreed to acquire 12.848% Hellenic Bank’s shares for approximately 243 million euros, or 4.58 euros per share.

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

The email scam, supposedly sent from the National Bank of Greece, is titled “Transaction Security: Third Notice for Verification”

Alpha Bank underlines that despite these drawbacks, the construction building sector has shown positive performance since the beginning of the year, maintaining the growth trajectory of recent years.

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.

Attica Bank plans to raise €735 million to repay a Tier 2 bond and to support its growth.

Yannis Stournaras addressed the 'Risk Management & Compliance Conference' as a keynote speaker on Monday