Greek banks close gap with Europe on profitability and capital

Greek banks, some of which are also operational in Cyprus, are moving closer in line with European peers after restoring capital adequacy, ranking among the most profitable in Europe and consistently outperforming the euro area average, according to sector data and central bank and supervisory reports covering the opening months of 2026.

The sector has maintained strong profitability, robust liquidity and solid capital buffers, while asset quality continues to improve, gradually narrowing the...