National Bank of Greece expected to benefit from higher ECB rate outlook

The National Bank of Greece’s first-half performance has exceeded initial expectations, prompting Beta Securities to upgrade its forecasts for 2026 following the group’s stronger-than-anticipated results and a more favourable interest rate environment.

In its report, the findings of which were shared by business outlet Newmoney, the brokerage said the bank reported underlying net profit of €661 million, excluding extraordinary items, while delivering a return on tangible equity (RoTE) of 15.5...