AKEL: If the Finance Minister means what he says on the banks, he should proceed with practical measures Statement by Charis Polycarpou, Head of the Economy Policy Sector of ΑΚΕΛ 26 May 2024, AKEL C.C. Press Office, Nicosia In an interview today, the Finance Minister says that Cyprus’ inflation does not justify the high lending […]
Greece’s four systemic banks will distribute this year approximately 840 million euros in dividends, out of a total of €3.6 billion, which were the net profits of the previous year.
The management teams of Greece’s four systemic banks received a very positive welcome from the representatives of international institutional portfolios at the three-day European banking roadshow organized last week by Goldman Sachs in Paris, sources have indicated. Nonperforming loans, they said, are no longer at the center of discussions, as they were in the past, […]
The spread between interest rates on loans and deposits is decreasing significantly, mainly after the recent increases in interest rates on new term deposits by Greek banks, according to the Hellenic Bank Association (HBA).
Greece’s four systemic banks recorded an increase in interest income between 50% and 75% in the first quarter of the year, benefiting from the rise in interest rates on their loan portfolios and the containment of interest rates on deposits.
Some 8.6% of the profitability of Greek banking groups came in 2022 from abroad, where profits before taxes amounted to 380 million euros out of a total of €4.5 billion, which was the profitability of the entire banking system in Greece last year.
Statements by AKEL C.C. Spokesperson Giorgos Koukoumas: DISY is not tired of approving laws to serve the ban AKEL satisfied with the adoption of the extension of the suspension of foreclosures for another three months 11 November 2022, ‘Astra’ radio On behalf of AKEL, the Party’s press spokesperson, Giorgos Koukoumas, expressed satisfaction with the adoption […]
High street mortgage lenders are still raising interest rates despite an emergency intervention by the Government to reassure markets.
The Bank of England has ordered banks to hold billions of pounds more in their “rainy day” funds after the economic outlook “deteriorated materially”, restricting their ability to lend to consumers and businesses.
