The Greek Deal.com
BANKS
On track for strong profitability - 38% increase in profits in first quarter of 2024
According to analysts, Greek banks were expected to surpass their full-year targets in 2024, demonstrating their strong profitability in the first quarter of the year.
€3.62 billion in profits and 33% reduction in red loans by 2023
A coverage rate 25% higher than the European average for the four systemic banks in 2023, according from the European Central Bank's Single Supervisory Mechanism.
Total dividends at 840 million euros according to Politico
ECB greenlights dividends for Greek Banks - €840 million according to estimations.
Acquires Aegean Baltic Bank
ABBank under the control of metals tycoon Telis Mystakidis
Gains for Lamda - Sellers in OTE, PPC
The market closed with marginal gains in the session on Thursday, November 16, at the Athens Stock Exchange.
Stock market gains led by banks
The Athens Stock Exchange receives a strong banking boost to move higher, after the rapid coverage of Ethniki's (NBG) offer book.
Sellers dominate
Sellers dominate the stock market amid a global corrective trend following the assertive tones of Fed Jerome Powell.
Profit taking - Low turnover
The stock market closed slightly lower in today's session, with trading activity remaining at low levels, amidst an upward movement in European markets.
Greek banks are adequately capitalized - Possible risks for the economy
In the Financial Stability Report, Bank of Greece Governor Giannis Stournaras recommends to the managements of the banking groups
Alpha Bank’s strategic partnership with Unicredit is credit positive
The deal will enhance Alpha Bank's tangible capital and profitability. Alpha Bank's return on tangible equity (RoTE) is expected to increase by around 50 basis points, Moody's reckons.
Private sector credit expansion gathers pace in Sept; At 2.1%
Bank credit to Greece’s private sector increased to 2.1% in September from 0.9% in the previous month, central bank data showed. Credit to households was positive by 34 million euros.