BANKS

ENGLISH EDITION

Greek banks' profile solid, DBRS says

The credit rating agency said that Greek banks reported an aggregate net profit of 3.7 billion euros in 2022 which compares to a net loss of 4.7 billion in 2021. Revenues in 2022 reflected improvements in all streams

22 Μαρ 2023 21:45

ENGLISH EDITION

ECB, EBA release baseline and adverse scenarios for stress tests

EBA plans to release the results of the stress tests for each individual bank by the end of July 2023. The results will shed light on the impact of the adverse scenario on banks' resilience. This year's stress test will use for the first time parameters on net revenue from commissions.

01 Φεβ 2023 22:16

ENGLISH EDITION

"Green light" from the Ministry of Finance to the HFSF for the sale of bank shares

The Fund has secured the agreement of the Ministry for the implementation of the divestment strategy from the banks. Competitive procedures will start in January. There is strong investor interest.

21 Δεκ 2022 10:00

ENGLISH EDITION

Greek banks' joint proposal on subsidizing low-income borrowers

The support plan they proposed for vulnerable households was reviewed by the European Central Bank's (ECB) Single Supervisory Mechanism (SSM). The plan is expected to benefit a total of 30,000 beneficiaries. 

16 Δεκ 2022 21:14

ENGLISH EDITION

The threat of extraordinary tax returns, the government - banks in the trenches

Staikouras: "Reduce profitability, strengthen households and businesses". "Let us do our job", the banks reply. Government-bank relations are in the red. SSM on alert.

16 Δεκ 2022 11:41

ENGLISH EDITION

Government versus banks: Unprecedented attack, Institutions - investors' concern

In an intervention reminiscent of other times, the government dictates to banks changes in their pricing and credit policies. Banking sources speak of ignorance of basic supervisory rules and an unacceptable attack. ESM and SSM are calling for an update.

06 Δεκ 2022 09:56

ENGLISH EDITION

Court decision on property auctions prompts intervention from official sector creditors

According to Business Daily sources, official sector creditors have asked all debt management companies for detailed information on the impact on business plans and revenue flow from recoveries due to the legal obstacle that has emerged, as well as estimates on the impact on payment culture and the desire from debtors to move ahead with restructuring of debt.

28 Οκτ 2022 11:22

ENGLISH EDITION

The 38 bln euros lost in Greek banks and the differing targets

At the same time, government and HFSF sources confirm that many funds have knocked on the HFSF’s door looking for information on domestic banks and the divestment strategy.

21 Οκτ 2022 10:16

ENGLISH EDITION

Banks being returned to private hands: The process and challenges

Bids from investment banks to act as advisors to the HFSF in the sale of bank shares will be made within days. Before the end of the year, the tender to define the disinvestment strategy will be completed.

07 Σεπ 2022 08:21

ENGLISH EDITION

Rebounding bank stocks and the specter of political risk

The issue of political stability is of vital importance for the country, much more so in a particularly difficult global environment with the energy crisis leading Europe to a breaking point.

23 Αυγ 2022 10:36

ENGLISH EDITION

Piraeus Bank: From the crisis to consolidation and now to flight forward

Piraeus Bank leaves behind the problems and an image of weakness and uncertainty. The bank's strong recovery will also be reflected in profitability.

02 Αυγ 2022 10:02

ENGLISH EDITION

Countdown starts to HFSF disinvestment from Greek banks

HFSF currently controls 40.39% of the shares of National Bank, 27% of Piraeus Bank, 9% of Alpha Bank and 1.4% of Eurobank. In addition, it controls 62.93% of Attica Bank's shares.

01 Αυγ 2022 09:52