First bond of 2022 attracts fewer offers, more than double last year's yield at 1.83 pct
Fitch improves outlook to positive, sees investment grade hinging on fiscal performance and banks
PDMA's debt strategy for 2022 includes green bond in 12 bln haul
PBO outlines positives from 2021, warns about uncertainty in 2022
High participation in bond swap provides end of year boost
Greek bond yields edge up as PEPP winds down
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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