Piraeus Bank Considers First Greek AT1 Sale, CEO Says

The transcript discusses the Hercules plan, a significant initiative for Greek banks to reduce non-performing loans (NPLs) and improve market conditions. It highlights the plan's expected impact on the Greek economy and stock market. The discussion also covers funding strategies, including subordinated bond issuance, and the challenges posed by negative interest rates on bank profitability. The role of major shareholders and their expectations for profitability and ratings are addressed. Finally, the potential for Greek banks to participate in cross-border mergers within the eurozone banking union is explored.

How has the Greek economy been affected by the changes in the banking sector?

What are the expected outcomes of the banking union in the eurozone?

What steps are being taken to address the issue of non-performing loans (NPLs) in Greek banks?