Previous close | 3.7000 |
Open | 3.6200 |
Bid | 3.4600 x N/A |
Ask | 3.6200 x N/A |
Day's range | 3.6200 - 3.6200 |
52-week range | 2.2800 - 4.1600 |
Volume | |
Avg. volume | 19 |
Market cap | 4.51B |
Beta (5Y monthly) | 1.63 |
PE ratio (TTM) | 5.32 |
EPS (TTM) | 0.6800 |
Earnings date | 31 Jul 2024 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | 18 Nov 2022 |
1y target est | N/A |
Greece's bailout fund on Wednesday set the price for the sale of its 27% holding in Piraeus Bank at 4 euros per share, two sources told Reuters, valuing the stake at 1.35 billion euros. Piraeus Bank, the country's third largest lender, is the third of four big banks to be privatised since last autumn after the Greece won back its investment grade credit rating.
ATHENS (Reuters) -The sale of a 27% stake in Piraeus Bank by Greece's bank bailout fund (HFSF), worth about 1.3 billion euros ($1.41 billion), was oversubscribed by more than three times on Monday, sources close to the process told Reuters. Greece's third largest lender will be the third of the country's four big banks to be fully privatised since last autumn after the Greek economy was raised to investment grade. Interest in the Piraeus sale, which was announced on Sunday, is a positive sign for the Greek economy after a decade-long debt crisis that saw the Mediterranean country nearly fall out of the euro before receiving three international bailouts.
Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income and bad loans declined. Alpha Bank, Greece's fourth-largest lender by market value, reported net earnings of 491 million euros ($522 million), up 59% from the first nine months of 2022. Its net interest income increased 45.8% to 1.34 billion euros, as the margin rose to 2.3% from 1.7% a year earlier.