In its report dated May 12, 2009 under the title “Banks begin their path towards steady state”, Goldman Sachs revised upwards the TPs of eight Greek and Cypriot banks. This is the first upward...
Credit Rating Firm, Moody’s downgraded last night the ratings of Alpha Bank, Piraeus Bank and Eurobank. Moody’s are concerned about a deterioration in the bank's key financial fundamentals resulting...
After the release of Deutsche Bank’s report on the Greek and Cypriot banks, Piraeus Bank announced that it was disturbed by the arbitrary assumptions and serious errors in the report. DB’s “sell”...
21/01/2009
Citigroup included Bank of Cyprus, Marfin Popular Bank and Helenic Bank among the stocks that offer some value. In its report, Citigroup said that “We see numerous value traps in the sector, with...
In its report on the European banking sector released today, Keefe, Bruyette & Woods (KBW) cut the TP of Bank of Cyprus and Marfin Popular Bank. Specifically, the new TP for BOCY is €4.2 from €5...
The European Commission has put forward a proposal for a Regulation on credit rating agencies. “The proposal lays down conditions for the issuance of credit ratings which are needed to restore...
13/11/2008
International credit rating firm, Fitch, downgraded Bank of Cyprus's (BOC) Long-term Issuer Default rating (IDR) to 'BBB+' from 'A-' (A minus) and removed it from Rating Watch Negative (RWN),...
04/11/2008
According to KBW, net profit of Marfin Popular Bank is expected to reach €118 million in the second quarter of the year. “The market will focus on margins and the recovery from the short-term...
22/08/2008
In its latest report under the title “Q2 results to paint a mixed picture”, the Greek National Securities – P&K expects that banks’ net profits will drop 8.5%. However, “should we exclude banks...
22/07/2008