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BANKS
Focus on the figures to be announced
As Piraeus and the remaining systemic banks announce results today, the time of the banks has come. The focus of the analysts' briefing on the figures to be announced is the reduction in interest rates and their impact on banks' revenues.
How they evaluate the interest rates cut from ECB
One of the top issues that international rating agencies, investment banks (e.g., Goldman Sachs), and institutions are examining in recent meetings with bank management is the course of interest income.
Talks with SSM of the ECB
Teams of the ECB's Single Supervisory Mechanism (SSM) are in Athens, as they held meetings on Friday in order to gain an overview of the domestic banking system.
Red loans in Greece at 4.10% from 5.7% a year ago
Greek banks have once again emerged as "champions" in the Eurozone in terms of interest rate spreads and red loans, as the latest data released today by the European Central Bank show.
What Hercules III brings for the banking system
Kostis Hatzidakis, the Minister of National Economy and Finance, made the announcement regarding the extension of the Hercules program by an additional €1 billion during an inter-ministerial discussion on the details of the TIF measures.
Prospects for Greece's banking sector
Canadian rating agency DBRS Morningstar reaffirmed on Friday its BBB (low) rating for Greece and upgraded the outlook from stable to positive.
Upgraded four Greek systemic banks, giving all of them a positive outlook
Fitch upgraded four Greek systemic banks, giving all of them a positive outlook.  In particular, the agency upgraded the long-term ratings of National Bank and Eurobank to 'BB+', from 'BB' previously, with positive outlooks for both banks.
On track for strong profitability
Expectations for Greek banks are improving following the better-than-forecast results announced for the first half of the year, Morningstar DBRS notes.
Opens inquiry into interest rates on bank deposits
Exerting its relevant jurisdiction, the Competition Commission chose to launch an investigation into the deposit rate industry.
Calls on banks to reduce commissions
Kostis Hatzidakis, the Minister of Economy and Finance, held a secret meeting with the bankers on July 8.
Distributing dividends after 16 years
For the first time in sixteen years, the four systemic banks are distributing dividends, with an estimated €870 million to be distributed overall based on their request.