Of Eleftheria Kourtali HSBC examines in today’s report whether the increase in loans with “weapons” the resources of the Recovery Fund could help offset the headwinds in net interest income (NII) and allow Greek banks to achieve their goals. Its analysis concludes that Greek banks will achieve sustainable ROTE equity ratios of 8%, ie 1-2 […]
Tag: Piraeus Bank
New strategic partnership between Piraeus Bank and Microsoft
Piraeus Bank and Microsoft are entering into a new strategic partnership to support the Bank’s digital transformation, enhance its business efficiency, provide new personalized customer-centric services and achieve sustainable growth. The common ambition of this cooperation is to strengthen the position of Piraeus Bank, as a new generation financial institution, which utilizes cutting-edge technologies to […]
NBG Securities: NPEs ‘chapter’ closes for Greek banks – The three conditions for the re-rating of their shares
Her Eleftherias Kourtali Greek banks are turning the page, overcoming the stage of clearing their balance sheets by NPEs and focusing on supporting economic growth and credit expansion. This is the conclusion of the new report of NBG Securities, where it upgrades its recommendation for Alpha Bank to outperform, maintaining the target price of 1.30 […]
NBG Securities: NPEs ‘chapter’ closes for Greek banks – The 3 conditions for the re-rating of their shares
Her Eleftherias Kourtali Greek banks are turning the page, overcoming the stage of clearing their balance sheets by NPEs and focusing on supporting economic growth and credit expansion. This is the conclusion of the new report of NBG Securities, where it upgrades its recommendation for Alpha Bank to outperform, maintaining the target price of 1.30 […]
Th. Vlachopoulos: Piraeus Bank is a leader in promoting Sustainable Banking in Greece
Organizations internationally include in a growing range of their activities and products ESG (Environment, Social Cohesion and Governance) criteria, said Thanos Vlachopoulos, General Manager of Piraeus Corporate and Investment Bank, speaking today at the 14th R Credit Management Conference organized by ICAP. Piraeus Bank is a pioneer in the promotion of Sustainable Banking in Greece, […]
New vote of confidence from Moody’s for Greek banks and a signal for upgrade
Her Eleftherias Kourtali Improving the loan performance and solvency of the four Greek systemic banks – National Bank, Piraeus Bank, Eurobank and Alpha Bank – have led to positive rating actions, Moody’s points out in a new report. The prospects for stronger economic growth will boost their profitability in the coming months, further supporting their […]
The whole plan of the banks for the Recovery Fund
By Leonidas Stergiou The banks are waiting for the final details of the Recovery Fund procedures, along with the first disbursements expected in early 2022. The strategic planning departments have already calculated the demand for new loans due to the Recovery Fund, but also those that will arise from the overall growth of the Greek […]
Ideal: At 7.8866% the percentage of Piraeus Bank
Ideal announced that Piraeus Bank notified the company on 11.11.2021, that as a result of the distribution of the shares of the investment fund Visrtus South European Fund to its shareholders, on 09.11.2021 in the securities account held by the Bank, 2,481,468 shares of company and as a consequence of the above distribution now directly […]
Ch. Megalou: Piraeus Bank expands Project Future program to High School and Lyceum students
Project Future Junior, the new corporate responsibility program of Piraeus Bank, begins, which gives young people aged 14 to 17 the opportunity to develop tomorrow’s skills, to get acquainted with the concepts and practices of modern business and to broaden their horizons accordingly. with the possibilities of choosing a professional career in modern fields of […]
Piraeus Bank: Project Future Junior starts for young people from 14 to 17 years old
Project Future Junior, the new corporate responsibility program of Piraeus Bank, begins, which gives young people aged 14 to 17 the opportunity to develop tomorrow’s skills, to get acquainted with the concepts and practices of modern business and to broaden their horizons accordingly. with the possibilities of choosing a professional career in modern fields of […]
