[CLSTR]
< Back to situations

Monitor this situation.

[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 2 sources · 21 days · First seen · Last updated

Investment outlook for Greek systemic banks

Overview

Investment banks have issued positive outlooks for Greece’s four systemic banks, citing strong earnings and growth potential.

Goldman Sachs upgraded price targets for Eurobank, Alpha Bank, Piraeus Bank, and the National Bank of Greece following second-quarter results. The firm noted stronger-than-expected earnings, robust credit expansion, and solid capital ratios, raising its 2026 return on tangible equity outlook to approximately 17%.

UBS has maintained a ‘Buy’ recommendation for the same group of banks, highlighting attractive valuations relative to European peers. UBS anticipates the sector will benefit from the Greek economic recovery and an expected average annual increase of roughly 8% in serviced loans between 2025 and 2028. The firm expects interest income to stabilize and recover as loan volumes grow, supported by the Recovery and Resilience Facility and strong performance in the shipping and tourism sectors.

Entities

Eurobank · Alpha Bank · National Bank of Greece · Piraeus Bank · Goldman Sachs

Timeline

  1. 23 days ago

    [BUSINESS] 2 sources
    UBS maintains ‘Buy’ rating for Greece’s four systemic banks

    UBS maintains a ‘Buy’ rating for Greece’s four systemic banks, projecting significant upside driven by credit expansion and economic recovery.

  2. about 1 month ago

    [BUSINESS] 5 sources
    Goldman Sachs raises target prices for major Greek banks

    Goldman Sachs lifted target prices for Greece’s four systemic banks—Eurobank to €5.40, Alpha Bank to €5.30, Piraeus Bank to €11.75 and National Bank of Greece to €18.75—citing stronger Q2 earnings and higher N​

Sources

businessdaily.gr · sofokleousin.gr