Banking

In this context, they emphasize that those who do not intend to explore their luck in alternative forms of savings/investment over the next two years and have surplus liquidity would do well to hurry and lock in their interest rates until 2026.

Book-building closed with a 6.25% coupon and a yield of 6.375%

De-investment in Greece’s four systemic banks by the Hellenic Financial Stability Fund (HFSF) through public offerings and greater prospects by the local banking sector in financing “real economy” needs was also discussed

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, […]

A closely watched draft bill on Non-Performing Loans (NPLs) was passed by Greece’s Parliament on Monday afternoon, with the 158 deputies of ruling New Democracy (ND) party only voting in favor. Voting against were 139 deputies from opposition parties. Three MPs did not vote. The legislation incorporates EU Directive 2021/2167 into Greek law. Opposition parties […]

Self-employed professionals will be obligated to accept instant payments through the IRIS service as of Jan. 1, 2024, in addition to bank card payments, according to a provision in a draft bill tabled in Parliament this week. The IRIS System The IRIS system is an alternative for online web banking transactions, allowing users to send […]

Hellenic Financial Stability Fund (HSFS) may request improved offer