Banks Greek

The Fitch credit rating agency has upgraded the long-term IDR’s of Alpha Bank and the National Bank of Greece to CCC+ from RD, and of Eurobank and Piraeus Bank BOPr.AT to CCC from RD. Fitch also upgraded the short-term IDRs of all four systemic banks, to C from RD. Fitch said that the upgrading came […]

'The government in Athens is exploring an aid plan for domestic banks. Together with the euro rescue ESM and the Greek Banking Association, it is working on an 'intervention plan' to relieve banks of risk-burdened loans,' FAZ reported.