By Leonidas Stergiou New loans in the first half of the year, which also include refinancing, reached the level of 16.9 billion euros, an increase of 52% compared to the corresponding period last year. At the same time, it is a decade-long record, as these levels were last seen in 2012, when the major deleveraging […]
Tag: DBRS
DBRS: Great progress of Greek banks, chances of slowing positive momentum
The improved H1 results of the four systemic banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) reflect the significant progress made in recent years in de-risking and restructuring, along with the recovery of the Greek economy since the coronavirus pandemic, as noted by the Canadian company DBRS Morningstar. However, he notes, the […]
DBRS: Possible pressure on Greek banks due to economic slowdown
By Leonidas Stergiou The improved results of the four Greek systemic banks in the first half of the year reflect the significant progress made in reducing their risk and restructuring in recent years, together with the recovery of the Greek economy from the pandemic. However, the positive momentum is likely to come under pressure due […]
DBRS: The economic outlook has deteriorated in all countries – The bar for the development of Greece is lowering
Of Eleftheria Kourtali The rating agency DBRS has downgraded its estimates for the growth of Greece this year, now predicting that the Greek GDP will increase by 3.9% this year and by 3.2% in 2023, from 4.3% and 3.4%. foreseen in March and in its previous report on the international economic outlook. As the house […]
DBRS: The ‘Hercules’ program must be extended again beyond October 2022
Of Eleftheria Kourtali Given the challenges posed by price increases and the Russian invasion of Ukraine, according to DBRS, it is premature to abolish an effective tool like “Hercules” when it is scheduled to expire in October 2022. At the same time, as he points out, as the responsibility of managing the NPLs has been […]
DBRS: Fiscal discipline and maintaining growth, ‘keys’ to Greek debt sustainability
Of Eleftheria Kourtali DBRS Morningstar examines the Greek government’s forecasts for fiscal and debt in 2023-2025, according to the Stability Program and emphasizes that it views its commitment to fiscal discipline positively, however, the consequences of Russia’s invasion of Ukraine create additional uncertainty around forecasts. The impact of adverse geopolitical developments and uncertainty about the […]
DBRS: Consequences for the banks from the interruption of the flow of the Russian gas are serious for the banks
Her Eleftherias Kourtali The continuing impact on European banks from the economic consequences of Russia’s invasion of Ukraine and a possible shutdown of Russian gas is being analyzed by the DBRS rating agency, which warns that it could put a brake on their dividend distribution plans while putting pressure on profitability and profitability. their funds. […]
DZ Bank: Greece is getting closer to the investment level – Greek bonds will soon ‘shine’
Of Eleftheria Kourtali Following the DBRS in March, S&P also downgraded its rating one notch below the BB + investment threshold, with the main reasons for this move being the manageable impact of the war in Ukraine, the reduction of non-performing loans and further fiscal consolidation, as noted by DZ Bank. The prospect of achieving […]
The ECB’s hidden gift to the Greek economy
By Tasos Dasopoulos In addition to extending the eligibility of Greek bonds, two very interesting points in yesterday’s announcement by the ECB’s Board of Directors make Greek debt managers feel more optimistic about the future. The first point is the announcement of the announcement that: “The Governing Council of the ECB reserves the right to […]
DBRS: The challenges for Greek banks due to the war in Ukraine
Her Eleftherias Kourtali The DBRS rating agency sees a significant growth opportunity for Greek banks, noting, however, that the war in Ukraine is a source of uncertainty. Although the direct exposure of Greek banks to Russia and Ukraine is limited, the possibility of negative effects due to the impact of the war on the overall […]