OECD outlines several areas where reforms could boost growth potential
PBO draws attention to effects of climate crisis on public finances
Moody's ups GGB rating by two notches, on par with S&P and Fitch
Return to investment grade overshadowed by flood destruction
Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
New 15-yr issuance and bond switch smooth maturity profile further, although at steep yield
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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