The Greek Deal.com
PIRAEUS BANK
Starts book building process - Interest rate at 7.125%
The new senior preferred bond has a maturity of six years with the option for redemption after five years and will be listed on the Luxembourg Stock Exchange
Issues €500 million senior bond
The bank has engaged BNP Paribas, BofA Securities, Deutsche Bank, Goldman Sachs Bank Europe SE, Morgan Stanley, and UBS to carry out the issuance.
Cooperation with UNICEF to strengthen child protection
An initiative that aims to enhance the cooperation of relevant authorities in cases of child abuse and neglect through the development of common child-centered procedures
There are no new inflows of non-performing exposures-Risk from high interest rates
The bank has entered into contracts to finance 65 investment projects, with a total budget of 3.68 billion euros
Profits driven by DEI, Piraeus, and Alpha Bank
The Athens Stock Exchange is seeing significant gains for the second day in a row
Smoothed net profits reach €721 million in the 9-month period
Piraeus Bank announced strong results for both the quarter and the nine-month period, with a 17% quarterly increase