In July 2025, the Athens International airport’s passenger traffic increased by 4.1% (y-o-y).

Macro/Political

• In July 2025, the Athens International airport’s passenger traffic amounted to 3.75 million, 4.1% higher than July 2024. During January -July of 2025, the airport’s passenger traffic reached 18.83 million, above the 2024 levels by 6.9%.
  Source: ATHEX

Markets:

• DBRS, in its commentary on Greek banks, noted that the country’s systemic banks maintained resilient performance in 1H25 and passed the EBA Stress Test with flying colours. This strong performance prompted an upward revision of the profitability target for 2025, primarily driven by stronger credit expansion and favourable asset quality trends. The robust capital position of Greek banks was reflected in their better than average performance compared to their European peers in the EBA 2025 stress test. Furthermore, the agency commented that higher loan growth, combined with benefits from interest rate hedging, lower deposit funding costs, and increased contributions from fixed income securities, helped mitigate the NII pressure from lower rates. This trend is expected to continue in 2H25. Net fee and trading income also rose significantly in 1H25, supported by heightened market volatility due to geopolitical tensions and the global trade war. As a result, operating efficiency remained strong.
  Source: DBRS

• Alpha Bank further to its announcement of 28 January 2025, completed the acquisition of 100% stake in FlexFin Ltd. Alpha Bank intents to merge its Greek factoring operations undertaken by ABC Factors and Flexfin, under one corporate entity.
  Source: ATHEX

Macro/Political

• According to seasonally adjusted data released by CyStat, in June 2025 the number of registered unemployed persons in Cyprus increased to 10,081 compared to 9,947 in the previous month.
  Source: CyStat

• In May 2025, the Industrial Turnover Index reached 140,1 units recording an increase of 5.4% (y-o-y). For the period January – May 2025, the index recorded an increase of 4.5% compared to the corresponding period of the previous year.
  Source: CyStat
  

Markets:

• Bank of Cyprus will announce its 3Q25 financial results on Tuesday 11/11/25.
  Source: ATHEX