JP Morgan also made a slight upward revision to its profitability estimates for the Greek banks, taking into account the most recent industry data as well as valuation adjustments following the announcement of full-year 2024 results
Under the new tariffs, no fees apply to payments of obligations to the government, social security organizations, utilities, and insurance companies.
The Minister of Finance, Kostis Hatzidakis, analyses the measures which include the zeroing of charges for payments, the cap on commissions for remittances and changes to withdrawals and prepaid cards
Reduction of commissions for so-called "people's" transactions, strengthening of competition between banks & real estate development are the three strands of the government's policy
And extra tax (ENFIA) on the 20,000 properties that keep closed - Legislative intervention to reduce excessive charges for withdrawals (banks keep 2 in 20 euros!), transfers and bill payments - Package of measures for more loans with better interest rates
PM rejects tax on profits, but insists on better mortgage and deposit rates, lower commissions
Bank of America (BofA) reports Greek banks are becoming more appealing as the volume of loans is expanding, with the Greek banking sector posting stronger yields and lower valuations.
