Bank of Cyprus and Marfin Popular Bank are among the top pick of Citigroup. According to a report dated February 4 on the Greek and Cypriot banks’ foreign exposure, MPB and BoC have strong capital...
According to an HSBC report released on Tuesday, certain Greek banks and two Cypriot banks have good prospects of growth, strong capital base and small exposure to credit risks. The report, which is...
30/01/2008
Moody's Investors Service today upgraded to Aa3 from A1 the issuer rating of Cyprus Organisation for the Storage and Management of Oil Stocks ("KODAP") following the upgrade by Moody's of Cyprus'...
17/01/2008
Fitch Ratings affirmed on Tuesday Bank of Cyprus's (BOC) Long-term Issuer Default rating (IDR) at 'A-' (A minus), Short-term IDR at 'F2', Individual rating at 'C', Support rating at '2' and Support...
16/01/2008
After the negative report of Deutsche Bank that affected negatively its share, Eurobank decided to react. EFG Eurobank Deputy CEO, Nikos Karamouzis told Reuters that the bank is sticking to its...
Deutsche Bank’s top picks are Bank of Cyprus (Buy, TP of Euro 17) and National Bank of Greece (Buy, TP of Euro 55). According to DB, these two stocks offer strong earnings momentum and are defensive...
Deutsche Bank maintained their Buy recommendation on Marfin and lowered their TP on the stock to Euro 12 from Euro 13. According to a report released on Wednesday, “we are lowering our TP to Euro 12...
10/01/2008
International credit rating firm, Moody’s Ratings, remains positive for the Cypriot banks. In separate analyses for each bank released on Monday, Moody’s referred to the positive course of the banks...
In a report dated January 7, Keefe Bruyette & Woods (KBW) said that they are downgrading the sector to Underweight as they expect European economic growth to slow in 2008. However, KBW...
According to Deutsche Bank, “one scenario is that funding conditions will improve in early 2008, global growth will hold up, and that corporate credit quality (thanks to strong balance sheets) will...
04/01/2008