Greek banks ride a wave of optimism

This year’s dovish turn in global monetary policy is difficult for most eurozone lenders, but it’s propping up Greek banks, spurring demand for NPL sales; but if these banks return to normality and grow their loan books, negative rates could still end up causing them pain.

Business confidence has soared after the election of a new centre-right government led by Kyriakos Mitsotakis

After more than a decade of struggle, Greek bankers are at last daring to believe that – this time – their country and financial sector has begun a recovery that lasts.

While the sector in Europe has struggled to recoup its 2018 losses, Greek bank shares have risen by about 50% this year. And to listen to the banks, this is just the beginning.

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