The Greek Deal.com
GREEK BANKS
Bullish on Greek banks
A new report on Greek banks was published by Mediobanca. It initiates coverage of Eurobank, with a "neutral" recommendation and a target price (TP) of €2.8/share.
Why it is upgrading target prices - The outlook per bank
Goldman Sachs is upgrading its target prices for Greek banks, stressing that the fact that they are trading at a is the main attraction of the sector to investors, while dividends and the faster repayment of discount deferred tax assets are also boosting the positive outlook.
Negative savings is a problem
The problem of Greek households' negative savings—despite the increase in disposable income in the nine months to 2024—is addressed in the latest issue of Eurobank's "7 Days Economy" analysis.
Why Greek banks stand out - What he sees for profits, competition and loans
The four systemic banks are in the best shape in the last decade, according to Fitch Solutions, and the goal is to expand and accelerate their growth in the coming years.
The keys to the future profitability of Greek banks
With a lower-than-average contribution to profitability from fee income, Greek banks have less diversified revenue structures compared to European banks, says a Morningstar DBRS analysis of the sector.
Actively pursuing the operational merger with Pancreta Bank
Attica Bank is actively pursuing the operational merger with Pancreta Bank, with the goal of establishing the fifth banking pole.
New target prices for Greek banks - Dividend policy is a lure
Rising dividends are becoming the main lure as earnings momentum recedes, HSBC argues in its analysis of the shares of the four systemic banks.
Buys the Greek bank story - Expects further rise in shares up to 48%
The story of the Greek banks... NBG Securities, which believes they will outperform on the Athens Stock Exchange this year. It puts Piraeus Bank as its top pick, and the up-targets have upside potential approaching 50%.
Statement on Fairfax placement
According to a statement by Eurobank, the total amount of the transaction amounts to approximately €186 million. Settlement of the transaction is expected to be completed on or around 27 January 2025.
Why asset management stands out in Greek banks - The big opportunity
Jefferies sees a growth opportunity for Greek banks in the asset management sector, which can offset and even exceed the loss of revenues from interest rates and commissions now that the European Central Bank is making a series of interest rate cuts.
The secrets of Eurobank's placement - What the information says
A placement for up to 2.2% of Eurobank, or 80 million shares, was made by major shareholder Prem Watsa (Fairfax).