Of Eleftheria Kourtali Greek banks are being transformed, as Deutsche Bank points out in today’s report, explaining its decision to resume coverage of the entire sector, adhering, as it notes, to a constructive attitude. Greek banks, he emphasizes, are now in the middle of a transitional period, where “inheritance” issues remain a burden, but the […]
Tag: Piraeus Bank
Pantelakis Securities: Overweight in Greek banks, room for significant further rally
Her Eleftherias Kourtali Pantelakis Securities says overweight for all four systemic banks, as their current low valuations do not reflect the progress made by the industry and thus offer significant room for further re-rating, while estimating that the increase in lending and the completion of the planned NPEs and other equity operations, will be further […]
DBRS: In Tier ‘B’, Piraeus Bank has a stable trend
Piraeus Bank’s first public rating was made by the Canadian rating agency DBRS Morningstar, rating its long-term credit rating at “B” and its short-term rating at “R-4”. The assessment of long-term critical liabilities of the Bank is placed by the house in grade BB (low). The trend in all ratings is constant. Grade “B” reflects, […]
Fitch: The improvement that Greek banks have made is huge
Her Eleftherias Kourtali A strong “message” for the Greek banking sector is sent by the rating agency Fitch, just one day before its scheduled rating for Greece. The house has noted many times that in addition to the greater confidence that the country’s public debt / GDP is returning to a steady downward trend, the […]
Stock Exchange: Domestic and foreign managers ‘bet’ on banks for 2022
Greek banks are negotiating with a discount of at least 20% compared to the European average and domestic and foreign investment houses see large margins for the rise of bank shares for next year. The banking sector has acquired new capital and new investors, non-performing loans have fallen to levels that can see the industry […]
Piraeus Bank supports small businesses with the program ‘Piraeus New Business Startup 360 °’
Piraeus Bank’s strategic choice, with particular emphasis on the current period of the pandemic, is the support of entrepreneurship and in this context, as it notes in its announcement, the bank develops products and takes initiatives to support the restart of the economy, actively participating in the National “Greece 2.0” Recovery & Sustainability Plan, with […]
Piraeus: Agreement with Davidson Kempner for shipping loans of 400 million euros (Project Dory) – At 53% the price
Piraeus Financial Holdings announced that its subsidiary, Piraeus Bank SA, reached an agreement with a group of Davidson Kempner Capital Management group for the sale of a portfolio of non-performing maritime exposures (NPEs), with a gross book value of € 0.4 billion. The agreed price of the Transaction amounts to approximately 53% of the gross […]
AXIA Ventures acted as Exclusive Financial Advisor of Eurobank and Piraeus for the sale of loan exposures of almost € 135 million.
Eurobank SA and Piraeus Bank SA successfully completed the sale of their loan exposures to G. Kypriotis & Sons SA in funds managed by HIG Capital. AXIA Ventures Group acted as the Exclusive Financial Advisor of the Banks in relation to the transaction. Eurobank and Piraeus Bank instructed AXIA to act as an exclusive financial […]
Piraeus Bank: Sunrise II transaction completed
Piraeus Financial Holdings announced that after receiving all the necessary approvals, the securitization transaction of non-performing exposures of its subsidiary “Piraeus Bank SA” was completed. entitled “Sunrise II”, with a total gross book value of € 2.7 billion at the corresponding reporting date of the perimeter. According to the announcement, Piraeus Financial Holdings transferred 44% […]
International distinction for the Transaction Banking of Piraeus Bank
With the award Best Cash Management Bank Greece 2021, the Transaction Banking unit of Piraeus Bank was distinguished by the internationally renowned magazine Global Banking & Finance Review. This distinction confirms the commitment of Piraeus Bank in establishing long-term relationships with its customers and seals its high degree of readiness and flexibility in the face […]
