Piraeus Bank announced a forecast-beating set of results, with 3Q13 core profits coming in 6-13% above analyst and consensus estimates in Greece. Pre-provision profits rose 29% q-o-q, beating consensus and IBG estimates
EFG Eurobank announced that its 3Q13 net losses before one-offs reached EUR 210.6 mln, down from the previous EUR 243.5 mln losses in 2Q13. After one-offs, losses were shaped at EUR 285.2
National Bank of Greece announced that 9M13 net profits reached EUR 262 mln or EUR 319 mln excluding one-off write-downs, slightly lower against IBG’s EUR 353.5 mln estimate, but above the consensus
Fitch Ratings has affirmed Greece’s long-term foreign and local currency issuer default ratings (IDR) at ‘B-’ and a ‘stable’ outlook, while it has upgraded the country’s short-term country ceiling rating to ‘B+’
. By Oren Laurent President, Banc De Binary The Euro rose to a five-year high against the yen on Friday, reaching 139.70, its strongest since the aftermath of the collapse of Lehman
. Marcuard's Market update by GaveKal Research The good news is that the Black Friday shopping scrum in the US passed with minimal casualties caused from stampedes, only scattered gunshot incidents and
The Cooperative Credit Institutions in Cyprus will operate as a unified banking group, President of the Central Cooperative Bank (CCB) Committee Nicolas Hadjiyiannis has said. Along with the island`s banking system, Cyprus
A Central Bank of Cyprus (CBC) directive to credit institutions issued last September on the management of arrears aimed, inter alia, to achieve a fair restructuring of loans to viable borrowers (individuals
The new lending criteria could possibly shock borrowers, President of the Association of Cyprus Banks, Marios Clerides, has said. The introduction of new lending criteria is included in the Memorandum signed with
Cyprus slipped to the 31st position in the Corruption Perceptions Index 2013 published Tuesday by Transparency International. According to the Index Cyprus, received 63 points and ranked 31st among 177 countries. Cyprus
