BANKS

The price range of the placement is between 7.3 and 7.95 euros per offer share. The public offering period in Greece will be three days and it will be carried out through electronic book building.

The yield fell to 3.11% from 3.56% in a previous corresponding issue, which was held in order to satisfy the "thirst" of investors for Greek assets.

According to an article in Politico, citing Greek banking sources, the European Central Bank is expected to give the go-ahead in June for the four systemic lenders.

Concerns about the possibility of a "haircut" of dividends. Management is not concerned and points to low distribution rates. They foresee a rapid reduction in deferred tax over the next three years.

The number of new applications in February was more than double the number of applications in previous months - the average in 2023 was 3,400 new applications per month - and is a record high.

Strong boost to the Group's figures from the investment in Hellenic Bank of Cyprus. Assets will exceed EUR 100 billion. EUR 800 million of surplus real estate assets. Ioannou contacts in Riyadh and Dubai.

Strong investors' interest for HFSF's placement. The new business plan for the period 2022 - 2026 will be presented by the bank's chief executive, Christos Megalou.

A barrage of management meetings this week in New York with powerful institutional investors.There's a lot of interest in the placement. Where investors are focusing.

Depositors with more than €100,000 in their accounts or with real estate (shares, bonds, etc.) over €200,000 are the first to be targeted for audits.

Bank profitability will reach record levels in 2023, but is expected to follow a downturn, a trend that will be reinforced after the reduction of interest rates from mid-2024. Interest expenses tripled in 9 months.