Banking Sector

Fitch Affirms Greece's 'BBB-' Rating; Stable Outlook Maintained

Fitch Ratings has affirmed Greece's sovereign credit rating at 'BBB-' with a stable outlook, solidifying the country's investment-grade status. While…

2 months ago

Cyprus Regains 'A' Investment Grade Rating After 13 Years

Cyprus has returned to the 'A' investment category for the first time since 2011 after Moody's raised its credit rating…

2 months ago

Piraeus Bank Reports 15% Increase in Q3 Net Profit, Updates 2024 Financial Outlook

Piraeus Bank reported record nine-month profits of €932 million, or €0.72 per share, and a 15% rise in Q3 profits…

3 months ago

Alexis Tsipras Advocates for Leftward Political Shift and Economic Reforms at Piraeus Conference

Former Greek Prime Minister Alexis Tsipras called for a leftward political shift and economic reforms at a conference in Piraeus…

3 months ago

Greek Prime Minister Emphasizes Economic Recovery and Growth at National Gallery Speech

During a speech at the National Gallery, Greek Prime Minister Kyriakos Mitsotakis underscored the government's focus on transforming the economy…

3 months ago

War Fears Drag Down European Markets, Including Greece's ATHEX

Growing fears of a widening conflict in the Middle East sent shockwaves through European stock markets on Wednesday, with the…

4 months ago

HFSF to Initiate Sale of Up to 12% Stake in National Bank of Greece Next Week

Greece's bank bailout fund, the Hellenic Financial Stability Fund (HFSF), will begin selling a stake of up to 12% in…

4 months ago

Moody's Upgrades Greece's Economic Outlook to Positive Amid Banking and Fiscal Reforms

Moody's has upgraded Greece's economic outlook to positive, reflecting significant improvements in the banking sector, robust fiscal performance, and successful…

4 months ago

European Commission Confirms Greece's Debt Servicing Capability

The European Commission's latest report confirms Greece's ability to service its debt, noting strong economic growth and fiscal improvements. GDP…

7 months ago

ECB Expected to Greenlight Greek Banks' Dividend Payments

According to four bankers who spoke to Reuters on Wednesday, the European Central Bank (ECB) is anticipated to grant approval…

8 months ago

Greece Earns Vote of Confidence with Fitch Reaffirming Stable Outlook and BBB- Rating

Athens, Greece - In a resounding endorsement of Greece's economic progress, Fitch Ratings has reaffirmed the nation's long-term foreign-currency issuer…

8 months ago