Banks Rally, Blue Chips Show Fatigue: A Two-Speed Market
Gains are concentrated in financials, leaving the real economy outside the rally
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Ειδήσεις, video, ειδησεις τωρα και νέα για BANKS από το pagenews.gr
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Banks Rally, Blue Chips Show Fatigue: A Two-Speed Market -
Defense Becomes the “RRF Plus”: Banks and Greek Companies Enter a New Credit Expansion Arena
Defense Becomes the “RRF Plus”: Banks and Greek Companies Enter a New Credit Expansion Arena
As the RRF cycle closes, Greece pivots toward defense and technology as the next growth driver.
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Athens Regains the 2,000-Point Level! Second Consecutive Rebound Driven by Banks, Energy, and Industrials
Athens Regains the 2,000-Point Level! Second Consecutive Rebound Driven by Banks, Energy, and Industrials
After last week’s sharp sell-off, the Athens Exchange staged a new upward correction — with banks, Viohalco, and Metlen leading the rally.
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JP Morgan ‘Bullish’ on Greek Banks
JP Morgan ‘Bullish’ on Greek Banks
JP Morgan also made a slight upward revision to its profitability estimates for the Greek banks, taking into account the most recent industry data as well as valuation adjustments following the announcement of full-year 2024 results
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Greek Banks Introduce Affordable Transaction Fees: Key Points for Customers
Greek Banks Introduce Affordable Transaction Fees: Key Points for Customers
Under the new tariffs, no fees apply to payments of obligations to the government, social security organizations, utilities, and insurance companies.
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Banks: Details of the measures on zero fees,the cap on commissions for transfers,withdrawals prepaid cards
Banks: Details of the measures on zero fees, the cap on commissions for transfers, withdrawals and prepaid cards
The Minister of Finance, Kostis Hatzidakis, analyses the measures which include the zeroing of charges for payments, the cap on commissions for remittances and changes to withdrawals and prepaid cards
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Banks: The five commissions that the government is pushing to reduce
Banks: The five commissions that the government is pushing to reduce
Reduction of commissions for so-called "people's" transactions, strengthening of competition between banks & real estate development are the three strands of the government's policy
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Up to 50% lower commissions in banks – What Mitsotakis will announce in Parliament
Up to 50% lower commissions in banks – What Mitsotakis will announce in Parliament
And extra tax (ENFIA) on the 20,000 properties that keep closed - Legislative intervention to reduce excessive charges for withdrawals (banks keep 2 in 20 euros!), transfers and bill payments - Package of measures for more loans with better interest rates
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Government pressuring banks on three fronts
Government pressuring banks on three fronts
PM rejects tax on profits, but insists on better mortgage and deposit rates, lower commissions
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BofA: Greek Banks Becoming More Appealing
BofA: Greek Banks Becoming More Appealing
Bank of America (BofA) reports Greek banks are becoming more appealing as the volume of loans is expanding, with the Greek banking sector posting stronger yields and lower valuations.
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Politico: Total dividends of Greek banks at 840 million euros
Politico: Total dividends of Greek banks at 840 million euros
According to an article in Politico, citing Greek banking sources, the European Central Bank is expected to give the go-ahead in June for the four systemic lenders.
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Greek FM Hatzidakis Tells Reuters State to Continue Process of Bank De-Investment
Greek FM Hatzidakis Tells Reuters State to Continue Process of Bank De-Investment
"We are determined to continue, more or less, in the same way, proceeding with all necessary structural reforms, sending the message that this country is investment-friendly," Mr. Hatzidakis said
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Settlement between banks – Com. Commission, fines of more than €40 million
Settlement between banks - Com. Commission, fines of more than €40 million
How the big 2019 survey on bank commissions closes: Banks will accept guilty pleas for collusion in one class of transactions and pay fines. No other violations were found.
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Fitch upgrades ratings of Greece’s four systemic banks; Moody’s upgrades ratings for six banks
Fitch upgrades ratings of Greece's four systemic banks; Moody's upgrades ratings for six banks
More specifically, Fitch Ratings upgraded Eurobank SA's Long-Term Issuer Default Ratings (IDRs) to 'BB' from 'BB-', and Viability Ratings (VRs) to 'bb' from 'bb-'. The outlooks on the Long-Term IDRs are Stable.
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Reports: Greek banks ready to freeze rising interest rates at late March 2023 levels; 12-month duration
Reports: Greek banks ready to freeze rising interest rates at late March 2023 levels; 12-month duration
Greece’s systemic lenders are reportedly ready to freeze interest rates, at late March 2023 levels, on mortgages held by borrowers for properties in the country.
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Proposal of systemic banks of Greece to subsidize low-income borrowers
Proposal of systemic banks of Greece to subsidize low-income borrowers
Staikouras described the meeting as “tense”.
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Banks told to slash charges
Banks told to slash charges
Finance Ministry tells lenders to reduce their commissions on 12 categories of transactions
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Greek banks given 10 days to reduce interest rates on new loans
Greek banks given 10 days to reduce interest rates on new loans
"They should raise deposit rates immediately and significantly, and reduce the interest rate on new loans," Staikouras added.
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More and stronger banks in Greece from 2023
More and stronger banks in Greece from 2023
The improving outlook for the Greek economy has attracted the interest of new players
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Gov.gr Wallet IDs extended to banks, phone companies
Gov.gr Wallet IDs extended to banks, phone companies
The process for verifying the authenticity of digital documents will be the same as that used since July for other transactions, with the scanning of a QR code and six-digit OTP generated sent to the device of the person being identified.
