Strong Cyprus performance supports upgraded targets for major Greek banks

Greek banking groups with operations in Cyprus delivered stronger-than-expected second-quarter results, with faster lending growth, resilient interest income and rising fee revenue prompting analysts to remain upbeat about the sector’s prospects for 2026 and 2027.

The performance of Eurobank and Alpha Bank, the two groups in the latest analysis with direct banking operations in Cyprus, was strong enough to support upgraded targets for the year despite heightened geopolitical uncertainty...