Greece’s four largest banks (Alpha, Eurobank, National and Piraeus), registered a net credit expansion of €4.7 billion in the first half of 2025 compared to the same period in 2024. 

If one includes all group activities abroad, credit expansion reached €5.5 billion. 

The expansion is due to the financing of projects partly funded by the European Union’s Recovery and Resilience Fund; also, banks emphasized credit to small and medium-sized enterprises rather than households. 

The trend is expected to continue in the second half of the year. 

The four banks’ total performing loan portfolio at the end of June was €132 billion from €127.3 billion at the end of 2024, despite a hit in the valuation of credit to shipping companies, as it is done in dollars and the dollar has lost ground compared to the euro. 

At group level, Eurobank owns the largest performing credit portfolio (€48 billion, up from €46.3 billion at the end of 2029), of which €30.3 billion is in loans to Greek corporations and individuals; Piraeus Bank’s portfolio (€35.9 billion) focuses on domestic firms. So does Alpha’s, where loans in Greece accounted for €32.6 billion of the €34.4 billion in its overall portfolio.

Original Story: Ekathimerini | Author: Newsroom
Edition: Prime Yield