The rating agency Fitch has upgraded Greek banks, citing improved credit profiles, strong profitability, and reduced non-performing exposures (NPEs), while also forecasting Greece’s continued economic outperformance compared to the Eurozone
The new tariffs coming into effect for all banks based on the legislative regulation provide for zero charge for the payment of bills and debts to the state, social security funds, local authorities, utilities and insurance companies; a maximum charge of 0.50 euros for sending money
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
