Of Eleftheria Kourtali HSBC reduces its estimate for the growth of Greece this year to 4% from 4.5% before and to 6.5% increases its estimate for inflation, from 2.4% before, due to the effects of inflation and energy shock in the economy, in the context of the wider deterioration of growth forecasts in all the […]
Tag: hsbc
HSBC: Positive for Greece and Greek stocks
Her Eleftherias Kourtali HSBC remains positive about Greece and Greek stocks as it estimates that tourism is expected to support the Greek growth story this year, despite the war in Ukraine and its aftermath, with Greek banks being the biggest catalyst for the Greek stock market. Russia’s energy dependence has recently been a negative catalyst […]
HSBC bank acquired a virtual piece of land in the metaverse
HSBC, one of the world’s largest international providers of banking and financial services, and Sandbox Metaverse, today announced a new partnership “that will open up many opportunities for virtual communities around the world to interact with global financial service providers and sports communities in the Metaverse.” The partnership between Sandbox and HSBC will see the […]
The Pancretan Bank-HSBC Greece deal and the next steps
LAST UPDATE: 12:11 By Leonidas Stergiou HSBC’s activities in Greece are transferred to Pankritia Bank, following the agreement between the two parties and the initial green light from the Bank of Greece, as Capital.gr has already published since February. Today, the agreement was officially announced, which is under the final approval of the Bank of […]
HSBC’s activities in Greece are transferred to Pancretan Bank
Initially, the Pancretan Bank signed today with HSBC Continental Europe (“HSBC”) an agreement for the acquisition of the operations of the Greek branch of HSBC. The completion of the transaction is subject to the approval of the Bank of Greece and the Competition Commission. According to the terms of the agreement upon completion of the […]
HSBC: Greek banks are attractive after the sell-off
The sell-off has brought the valuations of Greek banks to attractive levels, HSBC reports and is proceeding with an upgrade of the target prices it gives for the four systemic ones, confirming the buy recommendation. Specifically, it increases the target price for Alpha Bank to 1.60 euros (from 1.40 euros before) seeing a 64% growth […]
Reuters: HSBC instructs staff to start closing transactions with VTB Bank
The British bank HSBC is starting to end its relations with a number of Russian banks, including the second largest, VTB, according to a document held by Reuters. The United States, Britain, Europe and Canada announced new sanctions on Russia on Saturday, including barring some banks from accessing the international SWIFT payment system. The document […]
HSBC: Its profits have doubled, it places its goals one year ahead
HSBC set a year earlier its profit target and more than doubled its annual profits, as non-performing loans from the pandemic were not realized, while emphasizing that the increase in interest rates gave a boost to its revenues. Like its competitors worldwide, HSBC, one of Europe’s largest banks, is benefiting from lower-than-expected impairment charges as […]
Goldman Sachs: ” Sees ” 7 interest rate hikes from the Fed following the latest inflation data
Goldman Sachs said it expects seven interest rate hikes by 25 basis points from the US Federal Reserve this year, up from five previously forecast and updated its forecast after US inflation data on Thursday, according to Reuters. The consumer price index climbed to 7.5% last month on an annual basis, surpassing economists’ estimates by […]
The Pankrita-HSBC deal is waiting for the green light from the BoG
By Leonidas Stergiou The approval of the competent authorities and, in particular, of the Bank of Greece is awaiting HSBC Greece and Pancretan Bank in order to complete the agreement for the acquisition of the former by the latter. A move, which leads to a net increase of the funds of Pankritia by 85 million […]