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[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 7 sources · 9 days · First seen · Last updated

JPMorgan activities in Greek banking sector

Overview

JPMorgan Chase & Co. has initiated an expansion of its corporate banking operations in Greece, targeting large and mid-cap companies. This move follows Greece’s return to investment grade status and its recent upgrade to emerging market status by MSCI.

Following this operational expansion, JPMorgan upgraded its outlook for Greece’s four systemic banks, including Eurobank, Piraeus Bank, Alpha Bank, and National Bank of Greece. The firm anticipates a transition from balance sheet cleanup to a phase of growth and profitability, forecasting annual loan growth of 8% to 10% and increased shareholder distributions through 2028.

Entities

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

Timeline

  1. 7 days ago

    [BUSINESS] 2 sources
    JP Morgan upgrades outlook for Greek systemic banks

    JP Morgan has raised target prices for Greece’s four systemic banks, forecasting a new phase of growth and profitability through 2028 driven by credit expansion and higher earnings.

  2. 15 days ago

    [BUSINESS] 5 sources
    JPMorgan expands corporate banking operations in Greece

    JPMorgan Chase & Co. is expanding its global corporate banking presence in Greece, appointing Konstantinos Makrydakis to lead coverage for large and mid-cap companies amid the country's economic recovery.

Sources

capital.gr · iefimerida.gr · insider.gr · newmoney.gr · protagon.gr · protothema.gr · sofokleousin.gr