Wildfire damage in Limassol expected to exceed initial €100mn estimate.

Macro/Political

• The Greek PDMA announced that during the 13W T-Bills auction of EUR 500mn which took place yesterday, the total bids reached EUR 999mn and the amount finally accepted was EUR 600mn at a uniform yield of 1.76% (vs 1.70% in the previous 13W T-Bills auction in July 2025).
  Source: pdma.gr

Markets: 

• NBG’s net income in 2Q25 stood at EUR 326mn compared to EUR 371mn in 1Q25. 1H25 net profit stood at EUR 697mn versus EUR 670mn in 1H24. The Bank’s NPE ratio was 2.5% and NPE coverage ratio at 99.8%. Total Capital ratio and CET1 ratio (pro forma) stood at 21.7% and 18.9% respectively.
  Source: athexgroup.gr

Macro/Political

• The cost of the damage caused by the wildfires in the Limassol area is expected to exceed the initial estimate of EUR 100mn. A clearer picture of the total restoration cost will emerge once the full damage assessment is completed.
  Source: politis.com.cy

• The Vice President of the European Investment Bank (EIB), Kyriakos Kakouris, is currently on an official visit to Cyprus. As part of the visit, the second tranche of a EUR 100mn loan will be signed today. The loan is part of a broader EUR 200mn financing agreement between the Cyprus and the EIB, aimed at supporting road infrastructure projects under the Department of Public Works.