Greek Banks: From 45% Bad Loans to a Market Value Above €50 Billion – The 20 Numbers Behind an Extraordinary Comeback
Once viewed as the weakest link in Europe's financial system, Greek banks have completed one of the most dramatic recoveries in modern banking history. Non-performing loans have fallen to near-eurozone levels, lending is expanding at one of the fastest rates in the currency bloc, and the sector's combined market capitalization has surpassed €50 billion. Policymakers and bankers now say the challenge is no longer survival, but financing Greece's next phase of economic growth.