Remarkable comeback of Greece's banks capped

Quick Summary:

It received enough demand to cover the secondary sale soon after opening the book, and priced the deal at a slight premium to the share price before it was announced.

But in one European country, shares have been flying off the shelves.

Greek banks, with floating loans and sticky deposits, have benefited from rising interest rates.

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Article Details

Category: MarketsFinanceInvesting

Markets: United StatesGermanyGreeceItaly

Topics: European Been Bank Market Banks Recovery Country Average Financial Year Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-01 @ 12:00:28 (1 months ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 20568999

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 11 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

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Publisher ID: #3

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