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BANKS
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.
Over 3,000 small and medium-sized enterprises have applied for TEPIX III
In just one week, 3,000 requests were made to the 12 participating commercial banks via the Hellenic Development Bank's (HDB) platform for the first phase of the Entrepreneurship Fund (TEPIX III) procedure.
ESG criteria in TEPIX III loans
The managing director of the Hellenic Development Bank mentioned that the entrepreneur will need to answer a series of questions about ESG standards in order to be eligible for a loan from TEPIX III.