Displaying items by tag: greek banks

The market's eyes are now on the Ministry of Finance for the activation of the official sale process of the state participation in the country's four largest banking groups.

An increase in Euribor interbank interest rates by 100 - 110 basis points compared to current levels is the ideal scenario for Greek banks, since as number-crunching has shown, such a development will help boost their organic profitability, without creating particular problems for customers servicing loans.

The exposure of Greek banks to Russia and Ukraine is negigible and any predicition regarding the final impact on financial stability would be extremely premature and precarious, the Bank of Greece (BoG) said on Thursday.