Eurobank
Hercules program is heading for expansion
The issues of the Hellenic Financial Stability Fund's divestment from Greek banks and the expansion of the Hercules program were at the center of the meeting held this week by Minister of National Economy Kostis Hatzidakis with the Hellenic Bank Association.
The new Hercules program will include three pending securitizations amounting to 3 billion euros.
- Read more about Hercules program is heading for expansion
- Log in to post comments
HFSF to concede stakes in banks, starting with Eurobank
The disinvestment program of the state from its holdings in banks will be fully implemented from this fall, starting with Eurobank and the allocation of its 1.4% stake.
Up next will be National Bank, in which the Hellenic Financial Stability Fund (HFSF) has the largest stake, amounting to 40.39%.
Greek banks contemplate shared branching
How would you feel if your neighborhood bank operated one day as National, the next as Eurobank, the third as Alpha Bank, the fourth as Piraeus and the fifth as a cooperative lender?
- Read more about Greek banks contemplate shared branching
- Log in to post comments
ATHEX: Index hits highest level since 2014
The Greek stock market rebounded after Thursday's respite to post a fresh nine-year high on Friday with the help of most blue chips, though not banks. The June triple witching sent turnover soaring, along with the upcoming rebalancing of the indexes.
- Read more about ATHEX: Index hits highest level since 2014
- Log in to post comments
ATHEX: Index rises for a sixth day in a row
The strong start to Monday's session at the Greek bourse gave way to some profit-taking initiatives in the afternoon that erased almost all of the benchmark's gains. The main index closed on the day's low, but that humble growth sufficed for yet another nine-year high. This was the sixth consecutive session of gains for the benchmark.
- Read more about ATHEX: Index rises for a sixth day in a row
- Log in to post comments
ATHEX: Benchmark advanced 12.3% in May
Amid international concern about the manufacturing index (PMI) in China, which points to a notable slowdown, stock markets in Europe showed their concern on Wednesday with prices sliding in their majority.
- Read more about ATHEX: Benchmark advanced 12.3% in May
- Log in to post comments
ATHEX: Banks boost index helped by mid-caps
Unfazed by news of a German recession and a US credit default threat, the Greek stock market reverted to its upward trajectory on remarkable trading volume on Thursday, recapturing the 1,200-point level, with the help of growth in bank stocks. The universally positive first-quarter results of listed companies also contributed to the price growth.
- Read more about ATHEX: Banks boost index helped by mid-caps
- Log in to post comments
Banks benefit from activity abroad
Some 8.6% of the profitability of Greek banking groups came in 2022 from abroad, where profits before taxes amounted to 380 million euros out of a total of €4.5 billion, which was the profitability of the entire banking system in Greece last year.
- Read more about Banks benefit from activity abroad
- Log in to post comments
The unlikely estate agents
Banks have entered the market for selling or even renting real estate, disposing of real estate they already own. This disposal is done through websites they have created and on which they upload privately owned properties acquired through auctions, or display properties that are going to be auctioned at the initiative of the bank.
- Read more about The unlikely estate agents
- Log in to post comments
ATHEX: Late rally by banks boosts benchmark
The banking sector shook off foreign and domestic concerns - related to the decline of US lender First Republic and the promise by main opposition leader Alexis Tsipras to nationalize National Bank of Greece if he comes to power - and swung to gains at the end of Wednesday's bourse session, leaving the benchmark with moderate gains.
- Read more about ATHEX: Late rally by banks boosts benchmark
- Log in to post comments