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Markets buoyed by election result
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PDMA nears completion of annual debt strategy, taking another cautious step
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
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Latest 2022 fiscal data a boost as profit transfers and growth lead to small surplus
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S&P only ups outlook, waits for political clarity before rating move
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BoG sees 2.2 pct growth in 2023 but warns new govt must stick to reforms
S&P highlights risks for Greek banking sector
Greek banks still face higher economic risks than most banking sectors globally, while the country’s economic prospects remain highly uncertain, S&P notes in its latest report on local lenders released on Wednesday evening.
Against this backdrop, the rating agency expects banks to book high credit losses in 2016 and 2017, despite the large loan provisions of the last five years. In addition, low interest rates, the high stock of non-performing loans (NPLs) and funding imba...
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