In the announcements of the second quarter results of the four big ones Greek bankswill turn the headlights of investor The week to come, as Piraeus (30/7), Eurobank and Ethniki (31/7) and Alpha Bank (1/8) are announced on the 30th, 31st, 31st and August 1st.
The second quarter results, although lower than the second quarter of 2024, are expected to reflect the steady recovery and profitability of Greek banks, which is also announced by the positive reports of international investors rushing to upgrade the prices – targets for Greek banks.
Foreign analysts and investors will focus on interest from interest from Greek banks, which, in general, will move to lower levels due to interest rates by the ECB. However, in support of interest rates, credit expansion will work, as in the first quarter. Greek banks record a multiple rate of rise in business loans compared to European, and have a total of at least twice the rate of credit expansion. According to the Bank of Greece’s latest data on business belief in May, the annual rate of change in non -financial funding increased to 17.4% from 17.2% last month. It is noted that deceleration is expected from these highs as long as large investment projects are completed by the resources of the recovery fund and cannot be replaced by “medium” and smaller investment projects. In the second quarter, however, a strong boost is expected to the new banks’ lending from consortium loans abroad, as well as by the credit lines that increased by the end of the quarter. Overall for the first half, the credit expansion of Greek banks is projected to move to 4.5 – 5 billion. Euro, while for the whole year the net credit expansion will be 12 billion. euro.
Income from the results of the second quarter, supplies are expected, mainly from the Asset Management sector favored by the good climate on the Stock Exchange and the markets. Due to this good climate, Greek banks have also attributed mainly to international bonds, attributing significant non -repetitive transactions in the second quarter.
It is noted that in the results presentations to analysts, two topics are expected to be a new question of questions. On the one hand, the loans in Swiss francs for which the government is promoting a “haircut” plan of the exchange rate that will cause losses to the banks. On the other hand, the Step – Up arrangements made by banks to facilitate borrowers from the crisis and then the pandemic and whether the re -regulation of these loans will adversely affect the index of non -performing loans and the amount of banks’ forecasts.