BANKING

restructured-loans-return-to-piraeus-bank
BANKING

Piraeus Bank last year had up to 300 million euros’ worth of restructured loans returned to it from Intrum Hellas, the company that has undertaken the management of the all of the lender’s bad loans through their exclusive cooperation.


greece-mandates-banks-to-reopen-10-year-bond
ECONOMY

Greece has mandated BNP Paribas, Deutsche Bank, Goldman Sachs Bank Europe, HSBC, J.P. Morgan and Nomura as joint lead managers to reopen a 10-year bond, the debt agency said on Tuesday.


eurobank-eyes-expansion-abroad-after-positive-q1-results
BANKING

The strengthening of its presence abroad through new acquisitions, the focus on the target of streamlining its financial figures, and the increase in loan issues and profits are the main pillars of the Eurobank business plan, based on its statement in the context of the first-quarter results issued on Thursday.


battle-over-state-backed-loans
BANKING

The issue of old loans issued with state collateral that that have been defaulted on has evolved into a tug of war between the government and the commercial banks.

property-supply-is-set-to-soar
LOAN COLLATERAL

Property market professionals in Greece expect pressure to increase on prices in the category of apartments with the highest demand – i.e. those ranging between 80,000 and 150,000 euros – in the coming years.



alpha-confirms-plan-to-raise-800-million-euros
ECONOMY

Alpha Bank on Monday confirmed that it plans to raise about 800 million euros in a sale of new shares to capitalize on lending opportunities at home as European Union recovery funds will flow in.


fitch-sees-fast-improvement-of-npl-rates
BANKING

Fitch Ratings has upgraded its estimates on the nonperforming loans index of Greek banks, factoring in the new securitization plans through the state’s Hercules 2 program, as well as the capital strengthening actions made by local lenders, such as Piraeus Bank’s recent share capital increase.

[Intime News]
ECONOMY

Digital Governance Minister Kyriakos Pierrakakis presented a new digital platform named “Know Your Customer” to Prime Minister Kyriakos Mitsotakis on Thursday which allows citizens to complete transactions and requests online instead of in person at banks.