Further foreign investment in Greece’s banking sector is welcome, Bank of Greece Governor Yannis Stournaras has told German business daily Handelsblatt, noting that cross-border deals are key to strengthening Europe’s banking union.
“From the perspective of the Bank of Greece, the participation of foreign financial institutions in the share capital of Greek banks is absolutely desirable,” Stournaras said.
Cross-border mergers, he added, can help overcome Europe’s fragmented banking landscape and deliver economies of scale.
International interest in Greek banks comes after years of restructuring following the country’s debt crisis. Newly published half-year results show rising revenues, continued high profitability, lower credit risks and improved asset quality.
Analysts now view the sector as an attractive investment. Deutsche Bank has described Greek banks as “a compelling opportunity for investors seeking value and growth,” citing high dividend yields and favorable valuations. The sector is also drawing interest for strategic stakes and potential acquisitions.
