Search Results: bank

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

Looking ahead, Eurobank aims to fully integrate Hellenic Bank’s accounting operations, with this process slated to begin in the third quarter of 2024.

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.

UBS maintained a buy recommendation for both the systemic banks

The results were a 26% increase compared to the same period in 2023

Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts

Voting in favor were deputies of ruling New Democracy (ND) and the lesser opposition PASOK party.

In his opening address, Chairman Gikas Hardouvelis stressed that the National Bank has turned a new chapter and is now a key player in advancing the domestic banking sector and the Greek economy.

Notably, the bank is slashing fees for the IRIS payments interbank service by 50% for professional use.

A relevant announcement said the merger with Pancreta is expected to be completed by mid September

Economy and Finance Minister Kostis Hatzidakis added: If deal for Attica Bank, Pancreta Bank falls through then both institutions risk collapse

Eurobank CEO Fokion Karavias also revealed that a public offer to acquire 100% of Hellenic Bank on Cyprus is underway

The Hellenic Competition Commission will focus on interest-bearing deposit rates - criticized as low - offered over past years by Greek banks

The IT outage, most pronounced in Australia, was caused by a Microsoft error. The company has acknowledged the situation, stating that it is addressing the technical issue

Moody’s on Monday upgraded the Baseline Credit Assessment (BCA) for two Greek bank institutions, the National Bank of Greece (NBG) and Piraeus Banks, specifically raising Piraeus’ rating to ba2 from ba3, and NBG’s to ba1 from ba2. Moody’s also upgraded its long-term and short-term deposit ratings for both ATHEX-listed Greek lenders, two of the four […]

The average interest rate on overnight deposits placed by households remained unchanged at 0.03%, while the corresponding rate on deposits by non-financial corporations remained almost unchanged at 0.17%

Sources within the bank anticipate that this investment will propel Eurobank's stake up to 65% by the summer, paving the way for its proposed absorption of the Cypriot bank.

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.

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

Analysts at the National Bank of Greece (NGB) estimate that in 2024 Greek tourism could achieve new records, with arrivals reaching 35 million tourists