All eyes on Piraeus as share price tumbles amid coupon payment concerns

EconomyBanking Tags: Banking, ECB, Piraeus
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The banking sector, particularly Piraeus Bank, was at the centre of attention last week, experiencing significant price turbulence as a result of concerns about coupon payments linked to the recapitalisation carried out five years ago.

The lender’s share price was hammered on Tuesday, reaching limit down and eventually dropping by more than 24 pct at the close. The role and shareholding of the Hellenic Financial Stability Fund in the systemic banks, and Piraeus in particular, was pivo...

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