GREECE
Macro/Political:
- According to government spokesperson Pavlos Marinakis, Greece’s relations with the US will remain strong regardless of the outcome of the midterm elections, adding that cooperation on major projects and agreements would continue unchanged. He also noted that Greek officials expected to maintain good relations with lawmakers likely to assume key positions on congressional committees, which play an important role in shaping US policy and overseeing bilateral relations.
Source: Kathimerini
- Data released by Eurostat showed that the annual inflation in Greece is expected to be 5.6% in October 2026 from 5.1% in September 2026, and 1.6% in October 2025.
Source: Eurostat
Markets:
- Lamda Development’s consolidated Group revenue in 9M26 stood at EUR 420mn, while consolidated Group EBITDA reached EUR 35mn.
Source: Euronext Athens
- NBG’s profit after tax in 3Q26 stood at EUR 587mn (+6%, q-o-q). While profit after tax in 9M26 stood at EUR 1,683 mn(+5% y-o-y). The Bank’s NPE ratio remained stable at 2.4%, and NPE coverage ratio stood at 103%. CAD and CET1 ratio (pro forma) stood at 21.2% and 17.5%. The Bank’s CEO, Pavlos Mylonas, noted that the Greek economy continued to demonstrate remarkable resilience, maintaining its growth outperformance relative to the euro area despite persistent geopolitical uncertainty. Against this backdrop, Mylonas added that NBG delivered another solid financial performance in 9M26, reflecting the strength of its business model and disciplined execution of its strategic priorities. Profit after tax reached EUR 1.0bn, translating into a RoTE of 15.7%, supported by accelerating NII growth amid a more favourable interest rate environment and double-digit growth in fees.
Source: Euronext Athens
- Metlen announced that 9M26 total revenue stood at EUR 6.2bn (+21% y-o-y). Furthermore, according to the company’s announcement, against a backdrop of heightened market volatility and temporary disruption to CCGT operations, the strength and resilience of its diversified business underpin confidence in reaffirming its FY 2026 EBITDA guidance of EUR 1.00-1.15bn. Evangelos Mytilineos, Executive Chairman, stated: “METLEN continues to execute its strategy with consistency and determination, building on the strength of our diversified business model and the capabilities of our people. Our priorities remain clear: disciplined execution, operational excellence and the creation of sustainable long-term value.”
Source: Euronext Athens
CYPRUS
Macro/Political:
- The number of unemployed persons in October 2026(seasonally adjusted) amounted to 10,711 recording an increase of 9.7% (y-o-y).
Source: CyStat
- Data released by Eurostat showed that the annual inflation in Cyprus is expected to be 5.4% in October 2026 from 5.2% in September 2026, and 0.2% in October 2025.
Source: Eurostat
Markets:
- Bank of Cyprus’s profit after tax in 3Q26 stood at EUR 131mn remaining flat at the same level from 2Q26. 9M26 net profit stood at EUR 565mn versus EUR 548mn in 9M25. The Bank’s NPE ratio was 1% and NPE coverage ratio at 144%. Total Capital ratio and CET1 ratio stood at 25.2% and 20.6% respectively.
The Bank’s CEO, Panikos Nicolaou, noted that the Cypriot economy remains robust and continues to grow amid ongoing geopolitical uncertainty. Official forecasts suggest GDP growth of around 3% in 2026, recently upgraded from 2.5%, demonstrating the economy’s resilience and its expected continued outperformance relative to the euro area. Commenting on the Bank’s performance, Nicolaou said that profitability increased by 9% (y-o-y), generating a RoTE of 18.9%, supported by a strong capital base. He added that the Bank continues to execute its strategy by delivering solid lending and deposit growth, while maintaining cost discipline and prudent underwriting standards. The performing loan book expanded by 9% (y-o-y) and 7% year-to-date to EUR 11.6bn, driven mainly by domestic demand.
Source: Euronext Athens
