Local lenders continue to converge with their European peers after restoring their capital positions and emerging among the most profitable lenders in Europe, supported by stronger performance than the eurozone average and a marked improvement in return on equity (RoE), according to a recent report by the European Central Bank.
Greece’s banking sector maintained positive momentum in the first months of this year, preserving strong profitability while sustaining high levels of capital adequacy and liquidity. Asset quality also improved further, narrowing the gap with the European average, ECB added.
