DB attributes the robust performance to multiple factors, including significantly improved profitability and resilience, as well as enhanced market liquidity following the allocation of shares of the Hellenic Financial Stability Fund (HFSF).
Ratings firm considered the strictest of its peers, and the only one that still hasn't restored Greece's sovereign rating to investment grade
In Greece, the discussions between the four systemic groups and the system supervisor regarding the distribution of dividends from last year's profits are reaching their final stages, with favorable terms
Eurobank became the first completely restored private bank, with the repurchase of the state's stake (1.8%) in October 2023.
Demand for Greek assets remains high, as reflected in recent market transactions, with upward macroeconomic prospects, low domestic political risk, and positive catalysts, JP Morgan notes
Eurobank last week announced that its top management have already been relocated to the Bodosakis Building, renamed the “Eurobank Headquarters”, a noted structure in the heart of Athens.
Just as eyebrow-raising is a 1.55-million-euro fine against the Hellenic Bank Association.
Fitch Ratings on Thursday revised, upwards, its outlook four Greece’s four systemic banks – Alpha Bank, Eurobank, National Bank of Greece (NBG) and Piraeus Bank – to positive from stable. The development comes after the ratings firm upgraded Greek state bonds to investment grade earlier this month. All issuer and debt ratings were affirmed, namely, […]
Except for Eurobank, for which it retains the target price at €2.60, JP Morgan has increased its target prices for Alpha Bank to €2.50 from €2.20, National Bank of Greece to €8.40 from €8.10, and Piraeus Bank to €5.00 from €4.65
This conversation marks a crucial step forward, as approximately 5% to 7% of the non-performing loans that were securitized in previous years have returned to regular repayments for at least a 2-year period
Optimism pervaded discussions about dividend distribution from 2023 profits, with talks with regulators in preliminary stages.