Greek banks' H1 2024 net profits rose 25% to €2.3bn due to increased core revenues, cost discipline, and lower bad debt provisions.

DBRS Morningstar reports that Greek banks' net profits increased 25% to €2.3bn in H1 2024, mainly due to higher core revenues, cost discipline, and lower provisions for bad debts. The liquidity of the sector remains supported by large, growing, and stable deposits. Better-than-expected results provide a positive outlook for the entire year, with improved deposit mix and credit growth rate contributing to the stronger performance.

August 06, 2024
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