Thursday May 7, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Investment banks reap major gains

By Ilias Bellos

The commission that about 10 major foreign investment banks have collected for their participation in local banks share capital increases and the state bond issue during recent weeks averages 20 to 30 million euros apiece, according to Greek market sources.

Greece has therefore turned into a well of opportunity for investment bankers even by European standards, the same market professionals added.

These figures do not include other investment banking dealings such as Greek corporate bond issues or providing consulting services to state privatization fund TAIPED in the countrys sell-off program, which the same companies have undertaken. It does not even include the share capital increases that took place last year.

The usual commission rate for banks share capital increases amounts to 2-3 percent, while for sovereign bond issues it comes to less than 2 percent. As the state and the systemic banks have recently drawn funds of around 12 billion euros in total, the commissions will have totaled over 250 million euros for the major firms that brokered them.

ekathimerini.com , Sunday April 27, 2014 (21:52)  
Greece faces deadline next week as ECB considers haircut option
Fraport says unclear if Greek airport deal will be completed
ECB decision on Greek haircuts said to depend on political talks
Minimum wage is not enough
Cash-strapped hospitals struggling
State hospitals received another 20 million euros in public funding this week but are still desperately short of cash, prompting staff who have not received their full pay for the last few m...
Golden Dawn trial resumes
The trial of Golden Dawns leadership and members resumed on Thursday at maximum security Korydallos Prison after it was adjourned on April 20 when it emerged that one of the 69 defendants d...
Inside News
SOCCER
UEFA concern over Greek soccer violence bill
Greece provoked fresh concern from European soccer's governing body UEFA on Wednesday over governmental interference which could lead to the Euro 2004 winners' international suspension. UEFA...
SOCCER
Greece set to escape ban as sports law goes to parliament
Greek soccer is set to breathe a sigh of relief as the country's controversial new sports law was submitted to parliament on Wednesday with the necessary amendments to avoid a FIFA and UEFA ...
Inside Sports
COMMENTARY
What a difference a day makes
The impression of a rift between Greece and its partners and creditors which prevailed on Wednesday was suddenly erased Wednesday following an announcement regarding the contents of a phone ...
EDITORIAL
A powerful ally
<+pr_arthro>The fact that Greece has a powerful ally in Brussels is a highly comforting thought. The current president of the European Commission, Jean-Claude Juncker, fought a number of bat...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Cash-strapped hospitals struggling
2. Greece faces deadline next week as ECB considers haircut option
3. Golden Dawn trial resumes
4. Fraport says unclear if Greek airport deal will be completed
5. ECB decision on Greek haircuts said to depend on political talks
6. Tsipras, Juncker point to convergence on red lines
more news
Today
This Week
1. What a difference a day makes
2. Tsipras, Juncker point to convergence on red lines
3. A powerful ally
4. ECB decision on Greek haircuts said to depend on political talks
5. Fraport says unclear if Greek airport deal will be completed
6. Greece faces deadline next week as ECB considers haircut option
Today
This Week
1. Greeces decade-long relationship with Merkel
2. Greek decision to exit euro would be disastrous for Greece
3. No need to widen the rift
4. Empty admissions of fault
5. Varoufakis attacked by anarchists while dining in Athens
6. Majority sees Greece headed for euro exit in Bloomberg user poll
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.