Greece draws strong interest, attractive yield by re-opening 10-year bond
Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
OECD releases new outlook calling for sustained reforms post Covid-19
BoG highlights how Covid-19 compounds legacy issues and structural challenges
Greece issues new 10 yr bond as investor appetite returns
ECB boost for Greek debt as authorities ponder new market foray
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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