Greek Banks Outperform Eurozone in Key Financial Metrics
The four systemic Greek banking groups achieved combined net profits of approximately 4.3 billion euros last year, primarily driven by their organic results.
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GREEK BANKS
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Greek Banks Outperform Eurozone in Key Financial Metrics -
Greek Banks See 100mln Hit from New Budget Measures
Greek Banks See 100mln Hit from New Budget Measures
Greek banks face a €100M budget impact as new measures slash fees for remittances, bill payments, and ATM use.
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S&P upgrades rating of five Greek banks
S&P upgrades rating of five Greek banks
S&P upgraded the long-term credit rating of National to BB+ from BB, keeping the short-term credit rating at B and the outlook positive. The upgrade reflects the bank’s improved financial and financial outlook, which has reduced its nonperforming exposure (NPE) ratio to 3.7%, with provision coverage reaching a high of 85%. S&P estimates that the NPE ratio will further decline to below 3% by end-2025, so the cost of risk is forecast to decline to close to 50 basis points by the end of 2026 from 95 bp at the end of 2023.
