The fact that the interest rate margin in Greece has been double the European average supports the high profitability of the country’s four systemic banks.

22.02.2024 / 12:10

Banks are responding to the climate of caution among households as regards taking out a loan with new cuts in mortgage rates, in a bid to spark the interest of potential new buyers. They are also extending, until the end of the year, the interest rate freeze in force since last May for existing borrowers. […]

22.02.2024 / 10:16

Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF).

14.02.2024 / 10:08

The Bank of Greece, in cooperation with lenders, is establishing limits on mortgage amounts in relation to the commercial value of the property and the monthly installment to be paid by the new borrowers.

08.02.2024 / 19:52

Approximately one in two insured home owners in Greece will not secure the 10% reduction in the Single Property Tax (ENFIA) provided for those properties that have insurance coverage.

07.02.2024 / 21:22

The value of transactions with plastic money reached 62 billion euros in 2023, recording an increase of 15% compared to 2022, a rate that is expected to be maintained this year with a marginal slowdown, according to estimates by Mastercard, assessing the positive macroeconomic environment and, in particular, the universal mandatory introduction of point of sale devices (POS) in 35 new professional sectors imposed by the government, which will contribute to the 14% growth of the card market in 2024.

05.02.2024 / 23:06

The phenomenon of CEOs or CFOs of major international businesses being deceived by individuals employing artificial intelligence to mimic the voice of the group’s leader, has long been observed.

18.01.2024 / 21:14

Greek banks are now promoting fixed monthly charges instead of ad hoc fees per transaction, under the burden of fines from the Competition Commission, the backlash from their customers and pressure from the government.

18.01.2024 / 15:15

The overdue debt owed by Greeks to the state and financial institutions – i.e. banks and funds – is more than the country’s gross domestic product, reaching 224.2 billion euros.

11.01.2024 / 10:49

The Greek insurance market has seen increased interest in insuring against natural disasters from homeowners recently.

10.01.2024 / 21:21

US investment bank Jefferies predicts a further increase in interest rates on time deposits in Greece for 2024, favoring a shift from ordinary savings accounts to time deposits.