Latest News for: Greek banking

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Diana Shipping readies $123m refinancing

Splash24/7 28 May 2023
The New York-listed Greek bulker owner has signed a non-binding term sheet with a major European bank for a new $100m sustainability-linked loan, which, if ...
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Greece’s bonds trade as if investment grade already achieved

Ekathimerini 27 May 2023
Greek bonds are already trading as though the country has regained investment grade, bank analysts that deal with Greek government debt told Reuters on Friday, with the news agency reporting that investors consider Greece’s return to investment-grade credit ratings “a done deal.”.
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Analysis: Investors bet Greek bonds have shed 'junk' credit rating

Reuters 26 May 2023
Analysts at the banks that deal in Greek government debt said that after this week's sharp drop in borrowing costs, the bonds were already trading like investment-grade paper ... Greek 10-year bond yields have fallen nearly 15 basis points (bps) following Sunday's election result.
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Greek bonds trading as though they already have investment grade - Reuters

Greek City Times 26 May 2023
Bank analysts that deal with Greek government debt told Reuters on ...
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‘Bama Rush’ documentary explores highs and lows of Greek life and culture behind the viral #RushTok

CNN 25 May 2023
Inspired by the viral sensation that became known as #RushTok on TikTok in 2021, the new Max documentary “Bama Rush” dives into the pros and cons of Greek life recruitment at the University of Alabama ... Excelling in Greek life – and gaining acceptance in a high-ranking sorority – naturally places an overt pressure on appearances.
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Only way is up for securities

Ekathimerini 24 May 2023
For investment firms in general, the news will boost the outlook of Greek stocks and bonds ... Growth of over 3% in 2023, thanks to higher investments, exports and the record tourist season, is also expected by Optima Bank, which confirms its positive attitude toward Greek shares and expects an acceleration in reforms by the new government.
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National Bank quarterly profit drops on lower trading income

Ekathimerini 23 May 2023
National Bank, the country’s second-largest lender by market ... Greek banks have reduced a pile of non-performing credit, the legacy of a decade-long financial crisis that shrank the economy by a quarter.
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Greek Banking Shares Rise After National Election

Market Watch 22 May 2023
Shares in Greek banks rose Monday after the country's general election, in which the governing center-right party performed better than expected but still fell short of a majority ... and the National Bank of Greece were all trading more than 14% higher.
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Mitsotakis victory: five questions for markets

Ekathimerini 22 May 2023
Will investors buy Greek assets? ... Greek banks led stock market gains, with National Bank of Greece, Alpha Services and Holdings, Eurobank and Piraeus all up around 14% ... Greek stocks are up 30% so far this year versus a 9.5% rise for Europe’s STOXX 600. Its skew towards banks, boosted by rising interest rates, helps explain the Greek outperformance.
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Mitsotakis seeks outright victory in Greek second vote

Business Day 22 May 2023
AthensGreek Prime Minister Kyriakos Mitsotakis said on Monday he will not seek to form a coalition government after this weekend’s election, paving the way for a second vote in June he hopes his conservative party will win outright ... Greek shares jumped on Monday and banks outperformed, gaining nearly 15%.
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Greece’s ruling conservatives take commanding lead in elections but fail to secure outright majority

CNN 22 May 2023
Greek President Katerina Sakellaropoulou will now give the top three parties up to three days to form a coalition, though Mitsotakis has already indicated he’s not interested in sharing power ... Significantly for the elections though, the country’s financial gains have not yet been felt by many Greeks struggling with high inflation and living costs.
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Mitsotakis gunning for outright victory in Greek second vote

Ekathimerini 22 May 2023
Greek Prime Minister Kyriakos Mitsotakis said on Monday he will not seek to form a coalition government following this weekend’s election, paving the way for a second vote in June he hopes his conservative party will win outright ... Greek shares jumped on Monday and banks outperformed, gaining nearly 15%.
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Greece's Public Debt Grows by Over 1.2Bln Euro in One Quarter - Agency

Urdu Point 19 May 2023
... 31, compared to 400.275 billion euro in December, the Greek Public Debt Management Agency said on Friday ... The public debt also includes government guarantees to Greek banks, businesses, individuals and public bodies in the amount of about 29.34 billion euro.
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Hungary steps up threat to block EU weapons aid for Ukraine

The Observer 19 May 2023
... removes Hungary’s OTP Bank from its list of war sponsors ... Budapest has also drawn a link with Kyiv’s addition of Hungary’s OTP Bank to its international sponsors of war list, a group that includes five Greek companies, four Chinese, four French, three US and one British entity.
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Greek election: Five questions for markets

Ekathimerini 16 May 2023
3/ Will investors ditch Greek assets if Mitsotakis loses? ... 4/ What does the election mean for Greek shares? ... Its skew towards banks, boosted by rising interest rates, helps explain the Greek outperformance. Investors will watch government plans for the disposal of its stakes in Greek banks.

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