The upgrading of the ratings of three systemic banks, the National Bank, the Eurobank and the Piraeus Bank, as well as the Aegean Baltic Bank, was made on Friday by S&P Global Ratings. At the same time, the house confirmed Alpha Bank’s evaluation.

As the house explains, the upgrading of the three systemic banks and Aegean Baltic is based on the strongest institutional environment in Greece and the improved capital quality of the industry.

Specifically, S&P Global notes that the improved ability of regulators to act precautionary against the challenges of the Greek banking system has reduced the risk in the banking sector. The house makes special reference to the Bank of Greece’s initiatives to accelerate the reorganization of the banking system and above all In the Hercules program.

At the same time, it focuses on reducing the risk of the unification of the Greek banking system and the implementation of macropracy measures.

S&P considers that the institutional framework of the Greek banking industry is now aligned with those of most eurozone countries. He adds that in combination with good operating performance, the four systemic banks in Greece are also seeking to accelerate the removal of the deferred tax (DTC), a development that will improve the quality of their funds.

S&P estimates that systemic banks closed in 2024 with their non -performing openings (NPEs) between 2.5%and 4%, with equity at 13.5%.

In this context, the house proceeded with the long -term and short -term assessment of National Bank and her Eurobank in BBB-/A-3 by BB+/Bwith a fixed outlook for both banks.

Also upgraded the long -term evaluation of Piraeus Bank in Bb+ from bb And he confirmed the Bank’s short -term assessment in B, also with a fixed outlook.

In terms of Alpha bankconfirmed long -term and short -term assessment of the bank to Bb+/bwith a fixed outlook as well.

Finally, the house upgraded its long -term evaluation Aegean Baltic Bank in Bb From BB- and confirmation of its short-term evaluation in B, with fixed outlook.