Greek Banks

For transfers up to 5,000 euros, a fee of up to 1 euro will be charged, either fully borne by the sender or shared equally between the parties.

Greek banks face a €100M budget impact as new measures slash fees for remittances, bill payments, and ATM use.

Well-known US hedge fund manager John Paulson speaks to the Sunday edition of “To Vima” and details his optimism over the course of the Greek economy

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

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

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).

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

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.

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

Inter-bank direct payment system, via mostly smartphones, now obligatory for certain castes of occupations; 34 million transactions so far in 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

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.

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