GREECE
Macro/Political:
- Greece and Turkey clashed over the maritime boundaries agreement between Ankara and Tripoli during a UN Security Council debate on maritime security yesterday. Turkish Ambassador to the UN Ahmet Yildiz responded to Greek Prime Minister Kyriakos Mitsotakis, who had described the Turkey-Libya memorandum as a serious violation of the fundamental principles of international law of the sea. Yildiz argued that the Security Council was not a judicial body tasked with delimiting maritime zones, adding that maps could illustrate competing claims but could not determine their legal validity. Greece’s Permanent Representative to the UN, Aglaia Balta, rejected Ankara’s arguments, reiterating Athens’ position that the Turkey-Libya memorandum was incompatible with both geography and international law. She added that the ratification of the agreement by Libya’s House of Representatives could not alter its legal status, which Greece considers null and void, and therefore produces no legal effects.
Source: Kathimerini
Markets:
- Eurobank’s net profit in 3Q26 stood at EUR 423.1mn, compared to EUR 406.9mn in 2Q26. 9M26 net profit stood at EUR 1,160.8mn, versus EUR 1,032.9mn in 9M25. The Bank’s NPE ratio stood at 2.4%, while the NPE coverage ratio stood at 81.9%. The Total Capital ratio and CET1 ratio stood at 20.4% and 15.5%, respectively. The Bank’s CEO, Fokion Karavias, noted in his statement that “As Europe faces a severe energy and inflationary crisis with far-reaching political and social consequences, markets have brought concerns over fiscal deficits and rising public debt into focus. Greece and Cyprus stand out in this environment, with strong primary balances of 3.3% and 4.0% of GDP, respectively, and rapidly declining debt levels”. Furthermore, he added that, against this backdrop, Eurobank continues to perform strongly in terms of organic growth. The loan book expanded by 10.5% annually and by EUR 3.8bn during the nine months of 2026. Deposits increased by 10.6% year-on-year and by EUR 4.7bn year-to-date, while managed funds grew by EUR 2.1bn or 22.3% on a yearly basis.
Source: Euronext Athens
- Alpha Bank’s normalised profit after tax in 3Q26 stood at EUR 283mn, compared to EUR 275 mn in 2Q26. 9M26 normalised profit after tax stood at EUR 779mn, versus EUR 681mn in 9M25. The Bank’s NPE ratio stood at 3.8%, while the NPE coverage ratio stood at 52%. The Total Capital ratio and CET1 ratio stood at 19.3% and 14.5%, respectively.
The Bank’s CEO, Vassilios Psaltis, noted in his statement that “Despite the uncertain macroeconomic environment, we remain confident in the Bank’s financial strength. Our capital position is sound, our provisioning is prudent and our funding base is solid. Greece currently stands out compared to the majority of Europe, with a robust fiscal trajectory, declining public debt and an expanding investment pipeline. This provides confidence that the groundwork for Alpha Bank’s next phase of growth is well established.” Furthermore, he added that the third quarter confirmed the strength of the Bank’s franchise, supported by recent acquisitions and the continued resilience of its balance sheet. Net interest income reached EUR 472mn, the highest quarterly figure since 4Q17, while fee income increased to EUR 156mn, supported by cards and payments fees and improved asset management.
Source: Euronext Athens
- Metlen announced that it has fully repaid at maturity its EUR 500mn 2.25% Senior Notes due 30/10/2026. Following repayment, the Notes will be cancelled in accordance with their terms and the applicable provisions of the relevant documentation.
Source: Euronext Athens
CYPRUS
Macro/Political:
- Maria Angela Holguin, the UN Envoy for Cyprus, is scheduled to meet with President Nikos Christodoulides today at 12:30pm. Holguin will also meet with Turkish Cypriot leader Tufan Erhurman on Monday and hold a tripartite meeting with both Christodoulides and Erhurman on November 9.
Source: Cyprus Mail
- In August 2026, the Industrial Production Index reached 90.9 units, recording a decrease of 1.3% compared to August 2025. For the period January- August 2026, the index recorded an increase of 1.2% compared to the corresponding period of the previous year.
Source: CyStat
