The EMU accession led the international credit rating firm, Moody’s, to upgrade Cyprus and Malta. The firm announced that it upgraded the foreign and local currency government bond ratings of Cyprus...
Fitch Ratings has today upgraded Hellenic Bank's (HB) Individual rating to 'C/D' from 'D,' which reflects the bank's improving profitability and asset quality, the good local franchise and adequate...
19/12/2007
In its latest report, UBS raised the rating of Marfin Investment Group (MIG) to Buy from Neutral and maintained its PT of €7.2. “We anticipate the current NAV at €6.8 suggesting a discount to NAV of...
28/11/2007
According to Banker magazine, Marfin Popular Bank is the bank of the year in Cyprus. “The merger of Marfin Financial Group, Laiki Group and Egnatia Bank is a landmark deal that has positioned Marfin...
27/11/2007
HSBC Pantelakis announced on Tuesday the initiation of the coverage of Bank of Cyprus with an Overweight rating and a target price of EUR15/share. According to the report, “Bank of Cyprus is the key...
27/11/2007
In their report dated November 23, Keffe, Bruyette & Woods (KBW) reiterated their Outperform rating and increased their target price of Marfin Popular Bank to €12.7 from €12.0. KBW referred to...
26/11/2007
In its latest report, international credit rating firm Moody’s said that the credit outlook for rated Cypriot banks is stable, reflecting the ongoing restructuring of their domestic operations, their...
26/11/2007
After the announcement of the bank’s nine-month results, Citigroup reviewed its estimates for the EPS of Hellenic Bank in 2008 and 2009. The EPS is expected to reach €0.51 in 2007, €0.54 in 2008 and...
20/11/2007
“Following the results from Bank of Cyprus, share prices of the Greek banks were weak on Friday and continue being weak today”, Deutsche Bank said in its report on Monday. “We think that it creates...
Analysts expect that the net profits of Bank of Cyprus to be announced on Thursday will soar 60.4%. The estimates of the four firms for the bank’s nine-month results 2007 are exceptionally...
05/11/2007