Greek Banks Face Potential €100 Million Loss from Reduced Payment Fees

Greek banks are bracing for a possible financial hit of approximately €100 million ($105 million)…

OECD Report: Greek Real Estate Prices Have Soared 69% Since 2017

An OECD report highlights a staggering 69% rise in Greek housing prices since 2017, worsening the affordability crisis for local families. With nearly 27% of households spending over 40% of their income on housing—compared to a eurozone average of 9.4%—Greece faces the highest housing cost burden in the EU. The report also examines the impact of foreign buyers, rising mortgage risks, and government measures like the golden visa reforms and renovation subsidies.

Fitch Upgrades Greek Banks

The upgrades mainly reflect Fitch's improved assessment of Greece's operating environment (OE) to 'bb+'. We expect the Greek economy to continue to outperform the eurozone average. Paired with falling unemployment and the deployment of the country's Recovery and Resilience Fund, this should support banks' ability to capture profitable business opportunities," the credit ratings agency said.

Greece to Complete Bank Privatisations with October Sale of Final Stake

Greece is set to finalise its post-crisis bank privatisations by early October with the sale of its remaining stake in the National Bank of Greece (NBG), according to sources. The Hellenic Financial Stability Fund (HFSF), which still holds 18.4% of NBG, plans to sell 10-13% of this stake. The move signals a recovery for Greece’s banking sector, which had been heavily supported during the debt crisis.

Greek Banks to Pay Dividends for the First Time in 16 Years

For the first time since 2008, Greek banks are set to distribute dividends totaling €814 million this summer, marking a significant recovery milestone. The European Central Bank's approval has boosted investor confidence, with analysts forecasting robust future growth.