Kyriakos Pierrakakis stated that , at a time when public debt is increasing in many countries, Greece is not part of the problem but part of the solution

Macro/Political:

• Greece will today auction 13 Weeks T-Bills with maturity January 30, 2026. The amount to be auctioned is EUR 500mn.
  Source: PDMA
  

• National Economy and Finance Minister Kyriakos Pierrakakis stated in an interview that, at a time when public debt is increasing in many countries, Greece is not part of the problem but part of the solution. He emphasized that Greece’s debt structure is long term, with fixed interest rates and prudent management. He also noted that the country’s debt-to-GDP ratio is expected to decline, reaching 137.6% by the end of 2026. Finally, he highlighted that the Greek banking system, previously a source of instability, has now become a pillar of stability and growth.
  Source: eKathimerini
  

• In July 2025, the number of issued building permits in Greece amounted to 3,134 (12.2%, y-o-y). During the period January – July 2025, Total Building activity recorded a 9.9% decrease (y-o-y)
  Source: Statistics
  

• The annual growth rate of total credit extended to the domestic economy stood at 7.8% in September 2025, from 7.4% in the previous month. The annual growth rate of total deposits increased to 6.3% in September from 6.1% in the previous month. The monthly net flow of total credit was positive by EUR 2,881mn in September 2025, compared with a negative net flow of EUR 23mn in the previous month. The monthly net flow of total deposits was positive by EUR 3,058mn compared with a negative net flow of EUR 2,328mn in August 2025.
  Source: BankOfCyprus

Markets: 

• Piraeus Bank announced that it has entered into an agreement for the transfer of NPEs through securitization. The portfolio, classified as held for sale as of 31 December 2024, consists of corporate and retail loans as well as other receivables, with a total gross book value of approximately EUR 0.25 bn, as recorded on 30 September 2024. It is also important to note that the PNL impact from the transaction and its derecognition, as well as the impact from the RWA relief associated with the portfolio, have already been incorporated into the 30 June pro forma total capital ratio of Piraeus Financial Holdings..
  Source: ATHEX Group