Resilient tourism and corporate lending fuel growth for banking sector, says UBS

Greek lenders, some of which also operational in Cyprus, remain on course for strong growth despite geopolitical tensions in the Middle East and concerns over the tourism season, with UBS saying that resilient tourism trends and continued corporate lending expansion are supporting the sector’s outlook.

In a recently published piece of analysis, the findings of which were shared by Greek business outlet Newmoney, the investment bank said the impact of regional instability on Greece’s economy...