Greek banks projected to post €5 billion profit in 2026 amid capital raises and ECB rate outlook

Piraeus Securities expects the Greek banking sector to generate around €5 billion in profit in 2026, driven by strong credit growth, favorable interest‑rate conditions and robust fee income. The firm highlights Alpha Bank and Eurobank as its top picks, noting Alpha Bank’s low PEG ratio (0.76) and Eurobank’s sustained profitability. The forecast anticipates a credit expansion of €13 billion in 2026, up from €4 billion in the first quarter, alongside continued dividend payouts and share‑buybacks.

Cenergy Holdings announced a €150 million placement, issuing up to 6 million shares (2.8% of its capital) to widen its free float. The transaction is being coordinated by Goldman Sachs and Piraeus Securities, aiming to boost liquidity on the Athens Stock Exchange while the parent Viohalco remains the majority shareholder.

Bank of America predicts that the European Central Bank will implement two to three more rate hikes this cycle despite recent slowdown in Euro‑zone growth. The analysts foresee possible hikes through July, with a potential pause or delay to September, and suggest a gradual policy easing may begin after 2027 if inflation pressures ease.