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How ECB interest rates will affect Greek banks: The good and bad scenario

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.

  • Published in Economy

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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