Standard & Poor’s upgrades Greek banks

11 November 2019
324 Views

Standard and Poor’s announced that it is upgrading the ratings of Greek banks in order to reflect the improved economy and lower risk of the Greek banking system.

It includes in its analysis the macroeconomic features of Greece, saying that after the support programs the fundamental indicators of the economy are improving, the real estate market has come to a stalemate and now has only positive prospects, the “Hercules” plan will further help banks’ balances and wider economic environment will work positively.

“We expect Greece to achieve growth of around 2.5% on average each year until 2022, significantly higher than the European average, as domestic demand will strengthen and good export performance will continue”, S&P reports in its analysis.

You may be interested

Poll: Ruling ND hold commanding lead over SYRIZA by 16.8%
GREECE
shares8 views
GREECE
shares8 views

Poll: Ruling ND hold commanding lead over SYRIZA by 16.8%

Panos - Sep 21, 2020

In the latest poll conducted by GPO poll for the newspaper “Parapolitika”, ruling New Democracy holds a commanding lead against major opposition…

Weather forecast: Mostly fair
GREECE
shares6 views
GREECE
shares6 views

Weather forecast: Mostly fair

Panos - Sep 21, 2020

Mostly fair weather and northerly winds are forecast for Monday.   Wind velocity will reach 7 on the Beaufort scale. Mostly…

Covid-19 Greece – 339 new cases reported
GREECE
shares51 views
GREECE
shares51 views

Covid-19 Greece – 339 new cases reported

makis - Sep 18, 2020

A total of 339 new cases of coronavirus in Greece were announced today, 39 of which were identified after checks…

Leave a Comment

Your email address will not be published.