Greek lenders are projected to generate a combined first-half profit of €2.3 billion, setting the stage for a critical week of earnings reports that will gauge the sector's resilience amid a challenging fundraising environment.
The earnings cycle kicks off on July 29 with Piraeus Bank, followed by National Bank of Greece and Eurobank on July 30, and Alpha Bank on July 31.
1% in 2027 and 2028 under favorable scenarios, which should underpin loan demand and asset quality for the major lenders.
The results arrive as Greek equity markets digest profit-taking following a strong first half, overshadowed by a surge in corporate capital raises that have pushed total 2026 issuance to €7.79 billion.
Investors will scrutinize whether the banks' profitability can withstand the pressure from increased equity supply and potential dilution effects across the market.
The backdrop for the financial sector remains supportive, with the Bank of Greece recently upgrading its economic outlook.
The central bank projects growth of 2.0% for 2026, accelerating to 2.1% in 2027 and 2028 under favorable scenarios, which should underpin loan demand and asset quality for the major lenders.