Piraeus Bank remains NBG Securities’ top pick, as it is viewed as unjustifiably undervalued compared to its Greek banking peers.
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
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
The measure comes after a finance ministry decision last month eliminating or reducing many of the online fees, and after repeated warnings by the Mitsotakis government to bank managements
Especially through IRIS, which is available via m-banking, it is possible to send up to 500 euros per day with no charges.
Asked about Ex-German chancellor Angela Merkel, central banker Stournaras said that 'in the end she played a very significant role in rescuing Greece'
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.