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DBRS is set to announce a rating action on the Greek economy.

Local Eye

Mar. 7, 2025

GREECE

Macro/Political
• DBRS’ credit rating review of the Greek economy is scheduled to be released today. The Agency currently holds Greece at BBB (low), positive trend.
Source: DBRS

Markets:
• NBG issued an announcement denying electronic press articles regarding discussions of a strategic agreement between NBG and Bank of Cyprus. NBG noted that, as part of its strategy, it continuously assesses potential opportunities that could enhance value for its shareholders.
Source: athexgroup.gr

CYPRUS

Macro/Political

• Data published by the CBC showed that in November 2024 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased slightly by EUR 2,78mn (m-o-m) to EUR 1,611mn (NPL ratio at 6.59%) from EUR 1,614mn (NPL ratio at 6.62%) in October 2024.
Source: CBC

• According to seasonally adjusted data released by Cystat, in February 2025 the number of registered unemployed persons in Cyprus amounted to 10,272 compared to 10,417 in January 2025 and 11,586 in February 2024.
Source: CyStat

• The Consumer Price Index (CPI) in February 2025 increased by 0,38 points (m-o-m), reaching 117.11. Inflation in February 2025 stood at 1.9%.

Source: CyStat

 
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