Three of the four bankers have already announced dividends for 2023's results, the first such distribution of profits after three successive bailouts
Eurobank CEO Fokion Karavias also revealed that a public offer to acquire 100% of Hellenic Bank on Cyprus is underway
Sources within the bank anticipate that this investment will propel Eurobank's stake up to 65% by the summer, paving the way for its proposed absorption of the Cypriot bank.
Axia, one of the foreign analysts, considers the dividend approval as a crucial step towards the normalization of Greek banks post the 2010-2015 crisis.
In terms of financial obligations, those expiring on March 29 must be settled by March 28. Deposits made after March 28 will reflect in records starting from April 2. These alterations extend to payroll as well.
A major lender in Dubai has scaled back Russia-related business, while Turkish lenders have become more cautious
Last November, a 22% stake in the National Bank was sold, generating over 8 times oversubscription across international and Greek markets.
This is the fourth consecutive time Europe’s central bank has kept the interest rates unchanged after 10 increases in a row between July 2022 and September 2023
Kostis Hatzidakis emphasized the government's dual role in the new era for the banking system: ensuring conditions for a resilient banking system and fostering competition among banks, akin to practices in advanced European nations.
Lord Jacob Rothschild was a member of the prominent British banking dynasty
Stournaras emphasized the modernization of the Bank of Greece's Central Vault, which now boasts cutting-edge sorting, inventory management, and security systems
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