GREECE
Macro/Political:
- Bank of Greece Governor Yiannis Stournaras said on Tuesday, during the General Assembly of the Hellenic Bank Association, that Greece is now in a much stronger position than it was just a few years ago and meets all the conditions needed to seize the opportunities arising from the transformation of the European and global economy. He added that maintaining fiscal responsibility, continuing structural reforms, strengthening innovation, attracting productive investment, and safeguarding financial stability are the key pillars for achieving higher productivity, faster real convergence with Europe’s more advanced economies, and sustainable prosperity for its citizens.
Source: Kathimerini
Markets:
- Credia Bank announced that it has been informed that its shareholder, Thrivest Holding Ltd, has sold 333,333,333 shares in the bank, representing 16.7% of its total share capital, through a placement to institutional and other qualified investors. Following the transaction, Thrivest’s stake in the bank has been reduced to 24%.
Source: Euronext Athens
