GREECE
Macro/Political:
- Finance Minister Mr. Kyriakos Pierrakakis stated that Greece’s banking system is now healthy, well-capitalized, liquid, and profitable after 15 years of successive crises. The finance minister also noted that the country’s banking sector has evolved from being viewed as one of the Greek economy’s greatest weaknesses to becoming one of its strongest assets.
Source: Kathimerini
Markets:
- Piraeus Bank, in response to a media report published yesterday claiming that Piraeus Bank and IASO have reached a deal, wishes to emphasize that the report is inaccurate with respect to the role attributed to the Bank.Piraeus Bank categorically denies that it is a party to, or the acquirer in, the alleged transaction concerning the acquisition of IASO, as stated in the publication. Likewise, any reference to plans by Piraeus Bank or Ethniki Insurance to develop an extensive proprietary healthcare network through acquisitions does not reflect the Bank’s intentions for the foreseeable future.
Source: Athens Euronext
CYPRUS
Macro/Political:
- Data published by the CBC showed that in April 2026 the non-performing loans (aggregate data for all credit institutions) in Cyprus decreased marginally by EUR 4.695mn (m-o-m) to EUR 830.4mn (NPL ratio at 1.6%) from EUR 835.12mn (NPL ratio at 1.6%) in March 2026.
Source: CBC
