Alpha Finance, with its updated report on the banking industry, increases the prices – target prices for Greek banks. The stock market estimates that Greek banks’ organic profitability remains at a very satisfactory level, as strong credit expansion and positive trends in commissions revenue operate on the negative impact on the net interest income of the lower interest rate.

Greek bankers’ interest in developing their sizes is now turning to non -organic actions, as eight transactions have already been announced totaling more than € 2.2 billion, according to Alpha Finance estimates, Greek banks have additional capital margins of approximately € 4 billion for future moves. Enhancing profitability.

The new forecasts lead to an average increase of 8.2% for the period 2025–2027, while prediction of profitability (PPI) and net profits are reinforced by 10.9% and 14.6% respectively for the period. Alpha Finance’s up -to -date estimates for the performance of the tangible equity stands at 14.8% for 2025 and 14.4% for 2026.

The new prices – goals are higher than previous estimates, as they incorporate both the upgrading of profitability forecasts and the highest valuation of surplus capital. In more detail, Alpha Finance confirms the “market” for Eurobank, increasing the target price to € 3.50, as it remains the preferred choice between domestic banks due to strong profitability (about 15% Rote for 1.07x P/TBV).

The “Market” setting for Piraeus Bank is also confirmed, with a new target price of € 6.60, as it still negotiates with a discount of about 11% in relation to its accounting value for 2025. On the contrary, for the National Bank, the recommendation is changed to “retraining” from the target of € 11,60. are largely imprinted on current price levels.

It is noted that AF analysts have a more cautious attitude for bank shares purchases this year, due to the high rise of valuations since the beginning of the year. But they estimate that the assessment of the industry continues to provide medium -term margins, given the prospects of profitability, the opportunities offered by high capital and the upward trend in the valuations of the respective banks in Europe.