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The seller is expected to receive more than 700 million euros for 10% of the bank's shares.

This means that Greece could raise up to 727.2 million euros from the sale.

As UBS notes, the financial institution sector in Greece presents an appealing prospect for higher profit margins for prospective investors, with shareholders reaping the benefits

The long-term benefits of listing on the Athens Stock Exchange include enhancing the group's profile among the relevant regional investor base

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.

This allowed Eurobank to raise 850 million euros and reduce the bond’s credit spread to 180 basis points, down from the initial indicative offer of 210 basis points.

The announcement came days after Moody's the same for Greece's outlook while maintaining the sovereign credit rating one notch below 'investment grade' at Ba1

The latest official figures by the Bank of Greece (BoG) confirm that residential rents continue to rise throughout Greece, with the northern metropolis of Thessaloniki leading the way with an average 9.1% increase year-on-year in the cost of registered residential leases in the first quarter of the year. The figures hold more weight than similar […]

The Greek government, as noted by the Financial Times, provided 50 billion euros to the country’s four largest banks during its prolonged debt crisis.

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.

Reduction of the instant payment fee via internet and mobile banking for amounts up to 500 euros from 2.50 to 1.50 euros.

However, more recently, Greece appears to be temporarily decoupling from the typical peripheral exposure to this risk factor, BofA notes.

The AT1 issue was greeted with high demand by more some 250 international and domestic investors, with the amount offered reaching 2.9 billion euros

Attica Bank CEO Eleni Vrettou termed the merger as a historic move for the non-systemic bank

Attika Bank informed its shareholders of the absorption of Pancreta Bank, following its initial announcement of the deal on July 24th.

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.

Greece showed improved performance but still lags behind the EU average

Greece’s independent tax bureau, AADE, announced the two-day deadline extension this week, given that the previous deadline of Aug. 31 fell on a Saturday