Wednesday September 17, 2014 Search
Weather | Athens
27o C
20o 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 country’s 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)  
Aegean’s Vassilakis says Cyprus air sale could mean lower fees
Production of the new Pony to start by the end of the year, NAMCO says
Eurozone August inflation revised up to 0.4 pct
Sports events extend season of tourism
UN special envoy says Cyprus peace talks enter new phase
A United Nations envoy says talks to reunify the ethnically divided Mediterranean island of Cyprus have moved up a gear with Greek and Turkish Cypriot leaders looking to bridge gaps on core ...
Samaras to meet with Merkel in Berlin on Sept. 23
Prime Minister Antonis Samaras will meet with German Chancellor Angela Merkel for talks on the progress of the Greek program in Berlin on Tuesday, September 23. The meeting, which will take ...
Inside News
SOCCER
Mitroglou rediscovers scoring touch after Fulham let-down
Costas Mitroglou banished the memories of his disappointing spell in England after breaking a 10-month goal drought as Olympiakos Piraeus secured a thrilling 3-2 Champions League win over At...
SOCCER
Mitroglou seals Olympiakos´s 3-2 triumph over Atletico
Costas Mitroglou returned to scoring after 10 long months to seal a famous victory for Olympiakos in the Champions League as the Greek champion defeated visiting Atletico Madrid 3-2 on Tuesd...
Inside Sports
COMMENTARY
Loud patriotism
I admit that whenever politicians drag religious faith and worn-out patriotism into discussions I button up. I feel the same way when I see bishops blatantly getting involved in politics. To...
EDITORIAL
In need of a second wind
Greek Prime Minister Antonis Samaras and a few of his ministers have gone to great lengths to see Greece regain credibility in the eyes of its partners. Given that the state mechanism is not...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. UN special envoy says Cyprus peace talks enter new phase
2. Samaras to meet with Merkel in Berlin on Sept. 23
3. Aegean’s Vassilakis says Cyprus air sale could mean lower fees
4. Prosecutor orders probe into Lagarde, Tsipras ´death threats´
5. Production of the new Pony to start by the end of the year, NAMCO says
6. Eurozone August inflation revised up to 0.4 pct
more news
Today
This Week
1. Loud patriotism
2. Davutoglu calls for a two-state solution in Cyprus
3. SYRIZA victory would spark a bank run, PM reportedly warns
4. In need of a second wind
5. Tsipras to meet with Pope Francis on Thursday
6. Production of the new Pony to start by the end of the year, NAMCO says
Today
This Week
1. Greece on standby
2. A Greek God
3. Avramopoulos appointed Commissioner for Migration and Home Affairs
4. Central Athens traffic restrictions back in force on Monday
5. Greece at bottom of social justice scale among EU28
6. EU bank tests may miss trillion dollar risk, study finds
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.