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Moody's: How it "sees" Greek banks after the elections

Moody's proceeded with an evaluation of the Greek systemic banks, after the result of the elections of May 21. The key points that Moody's sees in the credit strengths of the banks are the significant reduction in each bank's problem loans, the increase in customer deposits and access to international capital markets, but also the stronger core earnings and the relatively low provisions that support the bottom line of banks' profitability.

  • Published in Greece

Moody’s upgrades five Greek banks

Moody’s Investors Service today upgraded the long-term deposit ratings of the National Bank of Greece and Eurobank SA. to Ba3 from B2, of Alpha Bank SA to B1 from B2 and of Piraeus Bank SA. το B2 from B3. The outlook for deposit ratings for all four banks remains positive.

  • Published in Economy
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