Greek Banks Expand Asset Management Footprint Amid Mortgage Loan Concerns

Greek banks are intensifying efforts to capture a share of the fast‑growing institutional asset‑management market, which held €52.95 billion in assets under management at the end of the first half of 2026, an 8.86% rise from the previous quarter. Banks are pursuing strategic acquisitions and partnerships to boost fee‑based income, while mutual‑fund inflows in the period exceeded €2 trillion, with significant allocations to international bonds, structured securities and mixed‑asset products.

At the same time, banks are heavily promoting new mortgage loans. Critics warn that borrowers may be exposed to a financial “trap” because loan repayments will be combined with the ENFIA property‑tax levy. Increases in ENFIA could raise total monthly outlays, potentially leading to defaults and foreclosures unless mechanisms are introduced to offset tax hikes against loan installments.