PDMA releases details of 10-year bond, highlighting strong interest
Greece attracts strong interest and yield below 4 pct for first 10-year bond since 2010
Moody's raises Greece two notches to 'B1' but highlights challenges for further upgrades
EC report notes economic imbalances and outlines remedies
Athens starts MTFS process with baseline scenario that sees growth slowing down
Fitch keeps Greek rating stable at 'BB-' but sees growth momentum building
What is the state of play with Greek banks?
Having suffered huge losses due to the PSI last year, completed a series of M&A that reshuffled the domestic banking landscape and successfully recapitalised in June, Greek banks remain at the forefront of domestic corporate developments. Their stock performance, with gains in excess of 50 percent over the past three months, has also triggered increased interest from the investment community. Although not out of the woods yet, they appear ready to tackle with upcoming challenges from a better capital position amid a more optimistic macro outlook for the first time since the beginning of the crisis.
Last year started with the implementation of PSI, which resulted in a 24.1-billion-euro net loss for the four core banks (namely Alpha Bank, Eurobank, National Bank and Piraeus Bank), while the total loss for the sector stood at 31.9 billion. At the end...
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