National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.
National Bank of Greece (NBG) on Tuesday announced profits of 1.2 billion euros in 2023, driven mainly by interest rates. Net interest income jumped by 65% year-on-year.
Bank of Greece Governor Yannis Stournaras shed light on various aspects of the Cypriot monetary policy and economic landscape.
The net accounting result of the state’s investment in saving commercial lenders.
The year of 2023 was a landmark for Attica Bank, marking the lender’s consolidation, recovery and return to operating profitability after a long glut, according to a statement issued by the bank on Thursday.
Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.
The public offer for 27% of the bank attracted bids of €10.7 billion.
A preliminary agreement for the acquisition of a package of shares in Aegean Baltic Bank (ABBank) has been signed.
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures.
Greece’s bank bailout fund (HFSF) on Wednesday set the price for the sale of its 27% holding in Piraeus Bank at 4 euros per share, valuing the stake at €1.35 billion.
The extra strong interest in the placement of the Hellenic Financial Stability Fund’s stake in Piraeus Bank, displayed from the first day, on Monday, has led to the sale of the entire holding of the state in the lender and at the top end of the price range, as offers exceeded 6 billion euros.
If the Bank of Greece did not operate under the protection of the institutional framework of independence, after what happened in 2015, the country would have perhaps left the eurozone, Bank of Greece (BoG) Governor Yannis Stournaras said on Saturday.
New lending by Cypriot banks declined significantly in January on a monthly basis, as it amounted to just 462.7 million euros, from €725.4 million in December.
Greek banks eye dividends on a par with the European average in the coming years.
The European Central Bank meets on Thursday, with markets eyeing any nudge towards an interest rate cut as inflation weakens.
Economy Minister Kostis Hatzidakis intends to raise the issue of fees for the use of credit or debit cards.
Greek central banker Yannis Stournaras is to sign a memorandum of cooperation between the Bank of Greece and the Central Bank of Cyprus on Friday.