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),...
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
According to a Moody’s report released on Tuesday, BOC’s BFRS depends on the course of the property market and the NPLs. “However, the BFSR also reflects the increasingly competitive conditions in...
16/07/2008
In their latest report, PricewaterhouseCoopers revised negatively their forecasts for the growth of the Cypriot economy. According to PwC, the Cypriot economy is expected to maintain a growth rate...
14/07/2008
Bank of Cyprus, Marfin Popular Bank, Piraeus Bank and National Bank are among KBW’s top picks but the firm lowered their TPs. In its report dated July 7, KBW upgraded the European banking sector...
In its report dated July 4, 2008, Citigroup said that Greek and Cypriot banks stocks declined 36%, while European bank stocks declined 33% over the same period. “We believe the fundamentals of Greek...
Commenting on Bank of Cyprus’ Q1 results for 2008, the analysts focused on the net income from interests and the drop in costs. They support that the first quarter is weak but they see positive...
29/05/2008
The net profits of the three biggest Cypriot banks in the first quarter of 2008 are expected to reach €251 million, according to Citigroup. In its recent report under the title “Big Hellenic Picture...
12/05/2008