More than 13,800 properties are listed on banks’ and servicers’ platforms More than 13,800 vacant homes belong to banks and servicers from foreclosures. All property listing platforms 28 Αυγ 2025 19:10
ENGLISH EDITION Bank shares soar 60% on Athens bourse As of November 6, the profits of the banking index exceed 60%, while a jump of 23.6% has been recorded by the General Index, an increase accompanied by a large increase in trading activity. 27 Νοε 2020 12:03
ENGLISH EDITION New plan from Piraeus Bank to slash bad debt 2021, according to what CEO Christos Megalou told analysts yesterday, will be a key year for reducing non-performing exposures, which is estimated to reach 12 billion euros in total. 24 Νοε 2020 13:40
ENGLISH EDITION Millions of card transactions missed due to National Bank system glitch According to Business Daily sources, the problem concerns about 200,000 credit and debit cards with which more than 6 million transactions made from the summer of 2019 to the summer of 2020, the total value of which is close to 200 million euros. 23 Νοε 2020 13:02
ENGLISH EDITION What S&P sees for Greek banks in 2021 In its forecast for the economy, S&P appears relatively optimistic, predicting that GDP will shrink by 9% this year and will recover by 6.8% in 2021. 18 Νοε 2020 11:32
ENGLISH EDITION What is behind the winter rally in bank shares Expectations for a return to normalcy, following the positive developments on the vaccine front. The faster return of economies to normalcy will allow for more efficient management of loans where payments have been temporary frozen on debt reaching 20 billion euros. 17 Νοε 2020 13:59
ENGLISH EDITION SSM to decide on Piraeus Bank today; lender to hold weekend board meeting All indications are that SSM will not allow for the repayment of the 165 million euros, triggering the conversion of the CoCos into shares. 12 Νοε 2020 13:25
ENGLISH EDITION Cocos push Greece's largest bank into state hands Τhe sharp drop in share price and shrinking of the bank's market capitalization to 283 million euros has raised concerns about the transmission of the crisis to other banks. 30 Οκτ 2020 12:37
ENGLISH EDITION Conversion of CoCos pose challenge for Piraeus Bank Developments seem to be accelerating after a group of shareholders announced their proposal for a share capital hike at the bank, accompanied by a series of terms and conditions that make its implementation difficult. 27 Οκτ 2020 11:40
ENGLISH EDITION PQH recovers more than 600 million euros from bad debt Of the 600 million euros recovered by PQH, around 226 million euros was the result of settlements and loan restructurings, while about 54 million euros was recovered from the liquidation of real estate. 20 Οκτ 2020 16:52
ENGLISH EDITION Bad bank plan sent to Greece’s official sector creditors In one-on-one meetings with each bank, the BoG staff presented the plan in detail, without, however, delving into all technical details that will have to be discussed and decided by the government. 19 Οκτ 2020 10:16
ENGLISH EDITION Time approaches for Galaxy project; 4 bids expected The goal of the management is for the agreement to be signed within 2020 in order to be reflected in the annual accounting statements. 16 Οκτ 2020 10:02
ENGLISH EDITION Banks, HFSF and BoG raise objections to debts legislation The draft law was submitted to parliament late last night. It will then be discussed in the relevant parliamentary committees and then put to a vote in plenary at the end of the week. 13 Οκτ 2020 13:13
