Greek Banks Win Credit Upgrades from Fitch and Moody’s
Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody’s on Tuesday following a recent round of upgrades of Greece’s credit rating.
Greek systemic banks earned credit upgrades from credit agencies Fitch and Moody’s on Tuesday following a recent round of upgrades of Greece’s credit rating.
Greek banks continue to increase financing to shipping companies, contrary to the European trend that shows a limitation of banks’ exposure to the sector.
The interest rate spread between new deposits and loans increased to 5.60 percentage points in April, as the weighted average interest rate on new deposits remained almost unchanged at 0.25%, while the corresponding rate on new loans increased to 5.85%, the Bank of Greece said on Tuesday.
Four issues mostly concern investors with regard to Greek banks, says Goldman Sachs in a report, while reiterating its positive attitude toward the sector’s prospects in view of the first-quarter results.
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