The U.S.-based investment bank recommends "buy" for three banks and "neutral" for one.
In total, credit institutions are expected to contribute 100 million euros to the entity.
BofA underlines that the equities of Greek banks were trading at a discount price compared to European banks, making them very “attractive” for investors.
Eurobank CEO points the finger back at the state, arguing that it is government-imposed conditions, particularly those tied to property legalization and digital registration, that are delaying sales.
HSBC raised its target for Alpha Bank to 3.75 euros from 3.05 euros, for National Bank to 11.80 from 9.90 euros, and for Piraeus Bank to 7.50 from 7.25 euros.
Currently, three Greek banks have rolled out ATMs that support this feature, with more expected to follow as the demand for contactless services continues to grow
As Greek banks are set to announce their quarterly results for the year this week, JP Morgan estimates the sector will continue on a positive trend, albeit slightly down. As JP Morgan notes, while Q1 results in 2025 posted a slight slump following a strong performance in Q4 of 2024, marked by substantial credit growth […]
JP Morgan has raised its target prices for Greek banks, despite revising its forecast for the European Central Bank’s key interest rate downward, now expecting it to reach 1.5% by the end of 2025. Alpha Bank: JP Morgan included higher loan volumes in its revised estimates, reflecting the bank’s stronger-than-expected performance in 2024. Despite lowering […]
His heart, passion and unforgettable saves made him a legend between the posts, and he treated the fans to multiple moments of sheer magnificence
Fitch Ratings Agency upgraded the four systemic Greek banks in its latest report. The National Bank of Greece (NBG) and Eurobank lead the way, as their ratings were raised to “BBB-” from “BB+” with a stable outlook. Meanwhile, Alpha Bank and Piraeus Bank were upgraded to “BB+” from “BB,” with a positive outlook. NBG’s upgrade reflects […]
The four systemic Greek banking groups achieved combined net profits of approximately 4.3 billion euros last year, primarily driven by their organic results.
Moody’s Credit Ratings has upgraded Greek banks, shifting their outlook from positive to stable. Specifically, Moody’s upgraded the long-term deposit ratings and senior ratings of the National Bank of Greece (NBG) to Baa1 from Baa2, as well as its standalone Baseline Credit Assessment (BCA) to baa3 from ba1. The bank’s long-term Counterparty Risk Rating (CRR) […]
In the second edition of its monthly tracker, which analyzes industry data from the Bank of Greece, UBS notes that while corporate lending growth remains strong, December was a slower month.
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Piraeus Bank remains NBG Securities’ top pick, as it is viewed as unjustifiably undervalued compared to its Greek banking peers.
Under the new tariffs, no fees apply to payments of obligations to the government, social security organizations, utilities, and insurance companies.
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Especially through IRIS, which is available via m-banking, it is possible to send up to 500 euros per day with no charges.
Only JPMorgan remains in the Net-Zero Banking Alliance among the U.S.'s top six banks, raising concerns about lenders' commitment to align financing with the fight against climate change.
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.