GREECE
Macro/Political:
- Minister of Economy and Finance, Mr. Kyriakos Pierrakakis, addressed the annual General Meeting of the Hellenic Bank Association and delivered a clear message to the banking sector, to provide more credit to the Greek economy. He stated, “The Greek economy, with the support of the banks, can operate on two levels. It can become stronger through small and medium-sized entrepreneurship, and at the same time, it can once again create national champions”. He also noted that “while many banks are now on solid ground, society has begun to voice its concerns”.
Source: Euro2day
Markets:
- DBRS, in its commentary on the European banking sector, expects NIM to continue its downward-sloping trend in Greece, as banks have a high proportion of variable-rate loans. The credit rating agency also noted that the consequences of tariffs and geopolitical tensions will be limited. Furthermore, DBRS estimates that the profitability of Greek banks will remain strong, as activity in the M&A sector has gained momentum.
Source: DBRS
- Aegean announced that it proceeded with a bond buyback at an average price of 100%, with a total transaction value of EUR 131,352.00 on 20/06/2025. Following the aforementioned bond buyback, the company holds 606 bond securities, representing 0.304% of the total issued common bond loan.
Source: ATHEX
- Piraeus Bank raised EUR 400mn at a yield of 6.75% through the issuance of a PERPNC5.5 AT-1 bond. The final orders’ book closed above EUR 3 bn.
Source: Bloomberg
